Topic: Bitcoin Are Now Used in Crimes - page 19. (Read 13114 times)

The authorities need to learn the blockchain technology and how Bitcoin works. Its a matter of proper and accurate Enforcement in order for them not to fear the currency and learn how Criminal Activities operate trades using Bitcoin.

Every Currency whether fiat or digital are susceptible to illegal activities.

In my country, they're kinda ignorant on how Drug Trades or Corruption were performed silently. Just because it's new to us at that time.
I hope it will settle next year since Bitcoin is all over the internet & news (not on free TV for now).

That video that you are trying to say is a very great work by the FBI personnel because he just roam around and keep joining forums and doing a lot of research to finally find out who is behind the marketplace of silkroad until he find out the IP address and locate it and get the person behind silkroad and that is not the only time where bitcoin is being used in crimes because maybe for simple or small transactions, bitcoin is being used illegally.

I don't know how FBI works but remember on how did someone tracked silkroad and shuts it down. I watched a video related to it that the owner of that marketplace is also here in forum and the simple guy from the FBI did researched all of the things throughout the entire forum since bitcoin is the currency they used there. I'm not that much knowledgeable when it comes to these things, I just watched it.

My guess is that there's people out there trying to decipher some sort of code to try and track the criminals. However wouldn't they just be able to do this through their IP and active computer and device monitoring anyway?

actually I just saw it on a documentary. they may be using anonymous bitcoin transactions, so they can make transactions for criminals freely. but for now, it may be tracked if there is no mixer inside.

actually I just saw it on a documentary. they may be using anonymous bitcoin transactions, so they can make transactions for criminals freely. but for now, it may be tracked if there is no mixer inside.

Bitcoins has regained its strong value, As of this posting, the value per 1 bitcoin is exactly 4786.59 US Dollar.   Soon we will see more ways people can squeeze the most out of bitcoins.   Since the advent of the internet to be profit oriented in the 90's, no one would possibly have imagined that the Internet would breed Facebook, Google, Uber, online streaming, etc. This is where we are with the Blockchain now. There exists a whole world of opportunities out there.  

These opportunities have the unrighteous users of this cryptocurrencies to also used its advantage. We cannot deny for a fact that cyber crimes have been committed since the birth of the internet.  Once, stealing was done with having guns, now, robbers can easily hack bank accounts or counterfeit credit cards to their advantage.  Sooner, cryptocurrencies can be used to pay crimes such as services for creating counterfeit birth certificates and this is not far from happening.  Actually, the US has already cases on this matter.

Another is the crime of buying illegal-drug emporium that used Bitcoin as a medium of exchange, politicians and policymakers took notice. Criminals, it turns out, really like bitcoins, which can be exchanged for nefarious purposes on the "Dark Web," with complete anonymity and, it seems, impunity.

Although, there are some articles that i have read regarding criminals cannot hide behind bitcoins, still, there are difficulties tracing transactions using cryptocurrencies. That is why law enforcement agencies should have a to change their procedures to pursue criminals who make use of the latest technology to commit crimes. Let the law find a way to evolve to address new tech challenges. There is no reason to expect that law enforcement won’t be able to get a handle on this new cybercrime.

Yeah, Some of the people use Bitcoin to conduct their criminal activities because they can make their transactions without any identities

Bitcoins has regained its strong value, As of this posting, the value per 1 bitcoin is exactly 4786.59 US Dollar.   Soon we will see more ways people can squeeze the most out of bitcoins.   Since the advent of the internet to be profit oriented in the 90's, no one would possibly have imagined that the Internet would breed Facebook, Google, Uber, online streaming, etc. This is where we are with the Blockchain now. There exists a whole world of opportunities out there.  

These opportunities have the unrighteous users of this cryptocurrencies to also used its advantage. We cannot deny for a fact that cyber crimes have been committed since the birth of the internet.  Once, stealing was done with having guns, now, robbers can easily hack bank accounts or counterfeit credit cards to their advantage.  Sooner, cryptocurrencies can be used to pay crimes such as services for creating counterfeit birth certificates and this is not far from happening.  Actually, the US has already cases on this matter.

Another is the crime of buying illegal-drug emporium that used Bitcoin as a medium of exchange, politicians and policymakers took notice. Criminals, it turns out, really like bitcoins, which can be exchanged for nefarious purposes on the "Dark Web," with complete anonymity and, it seems, impunity.

Although, there are some articles that i have read regarding criminals cannot hide behind bitcoins, still, there are difficulties tracing transactions using cryptocurrencies. That is why law enforcement agencies should have a to change their procedures to pursue criminals who make use of the latest technology to commit crimes. Let the law find a way to evolve to address new tech challenges. There is no reason to expect that law enforcement won’t be able to get a handle on this new cybercrime.

Of course there are many criminal and terrorist organizations that use bitcoin as a way of circulating money for transactions.