Topic: Bitcoin Are Now Used in Crimes - page 22. (Read 13114 times)
Whenever any currency becomes popular, its value increases. Criminal starts using it. Gold is used extensively in smuggling. USD a world currency is also used in drug trafficking ,arms dealing etc. Bitcoin a digital decentralised currency has become popular, it has crossed $10000 mark in just eight years. Bitcoin has unique features, its decentralised nature, peer to peer exchange and autonomous nature making it more flexible, it is difficult to trace its user. As a result criminals started using it on large scale. Ransomware attackers asked ransom money only in bitcoin currency. Australia banned bitcoin to prevent its in drug trafficking and terror funding.
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.
Bitcoins were always used in crimes, just as fiat is, basically if it has a value - it can be used in crimes. 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.
Bitcoin as any other currency can be used to pay " For Crimes " there's people who do money laundry and bitcoins
facilitates the way of moving the money towards city's and or customers.
Remember the old silkroad plenity of scammers and criminals are all over the internet, so expect not only BTC but any currency
to be involved in crimes.
facilitates the way of moving the money towards city's and or customers.
Remember the old silkroad plenity of scammers and criminals are all over the internet, so expect not only BTC but any currency
to be involved in crimes.
there are some people who commit crimes for bitcoin ransom to the government, companies or individuals like hackers ransomwere
Bitcoin has always been popular amongst criminals, which is why it had a bad rep for a longgg time.
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That is really not fair to make general commentary like that. Because anything that has value can be used for crimes. You have people who steal corporate bonds or physical gold bars or silver as a way to pay for crimes or ransoms. Also if you want to get really technical people can say they trade prescription drugs for other things or to convince people to do illegal things. So yes bitcoin will be used by criminals no doubt about that no denying it but so is everything else in life.
When bitcoin was born, bitcoin became a tool for crimes, they used bitcoin as a method of payment for transactions, police could not catch
them because the police had no clue about the Criminals transaction because they buy and sell online with bitcoin, it's untraceable . This is
really an advantage for criminals
them because the police had no clue about the Criminals transaction because they buy and sell online with bitcoin, it's untraceable . This is
really an advantage for criminals
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.
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.
I have also red that thing in about a year ago before I knew about this forum thaf there are a digital currency which is bitcoins that are used to buy all the illegal thing in the world because of them being a decentralized currency the government cannot track those transactions that are happening and they can never know that there will be any transactions not unless someone told them to. But yes bitcoins is used by crime like that but it is a long time ago.
this problem is not new anymore, bitcoin has been used by crminals for a long time, criminals have used bitcoin to buy illegal drugs and terrorists used bitcoin to buy illegal weapons, because of bitcoin is untraceable so governments can not put bitcoin under control, this problem is not easy to solve.
From the beginning of bitcoin's appearance, criminals have become interested in using bitcoin as a means of earning money. Especially now, the criminals are getting good at doing their actions that harm us by using bitcoin as a ransom fee.
There has been a lot of threads pointing out how Bitcoin has this reputation of being used in criminal activities but there's no real way to solve this without sacrificing some of the privacy that Bitcoin provides, and if you're worried about criminals using Bitcoin they are already migrating to other cryptocurrencies that have even more anonymity which really doesn't solve the problem. At the same time though, FIAT money has been used and will continue to be used on criminal activities as well, that's a trait of all currencies, not just Bitcoin.
Hope that this reputation of being used in crime will end soon.
I think it is just practical to think that if we can access bitcoin, they can also access it. With bitcoins characteristics and the ability to be untraceable, it is the perfect opportunity to use by criminals. Illegal transactions can be made without the authorities knowing it.
bitcoin can be used in crimes , that is the badsign of this coin and i dont want thiis to spreadout..
hateto say this but bitcoin is the most generous invention of all time , though this will be used or having abuse now of bad people by sending payment with thins in bad woorks especially corupotions
hateto say this but bitcoin is the most generous invention of all time , though this will be used or having abuse now of bad people by sending payment with thins in bad woorks especially corupotions
Bitcoins are being banned in some of the countries because the government are avoiding problems like this, Bitcoins is a digital currency and can be used for illegal transactions by the terrorist and government are only taking precaution that's why they are banning bitcoins.
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.
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.
I have never heard of bitcoin used to do bad things. But in the event of someone else using bitcoin for doing the crime? bitcoin can be a solution. Bitcoin can do anything to block or eliminate people from doing bad things. But I think it can also be used. It can be used for crimes here in our country. They will use bitcoin to speed up their money transactions, money transacations of evil people.
Everything can be used in crimes, we should ban everything? Actually Monero is better for using in crimes due to its high anonymity
Yes it is possible, Since bitcoins is a digital currency we can have transactions which cannot be tracked and even the terrorist can really use bitcoins to buy drugs or weapons. This is why government are banning bitcoins in their country to avoid problem.
any currency can be used and really used in criminal activity...because not all people are ready and willing to live fairly and honestly to earn their money and perform only pious deeds...but this shouldn't be reflected in the currency, it isn't it fault that people are deprived of honor
Who created the currency? Yeah, that is the human and of course, they are the owner and have all permission to decide the future and method to use their product - currency - anytime. We can not blame the currency functions can provide for us, all these things are created by the human. 
any currency can be used and really used in criminal activity...because not all people are ready and willing to live fairly and honestly to earn their money and perform only pious deeds...but this shouldn't be reflected in the currency, it isn't it fault that people are deprived of honor
This is right that bitcoin are now used in crime. But police and cyber department is also enable to track the criminals because it is very much impossible to track them.This is the world of duality, there are some good things with bitcoins but bitcoins are also used for criminal acts.
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