Topic: Bitcoin Are Now Used in Crimes - page 44. (Read 13138 times)

Even if the government does its job to prevent crimes, no one can still stop crimes happening because it is part of the inevitable. Bitcoin has been regarded as the main medium of exchange under the dark web due to its factor being untraceable into transactions. If I were a criminal, of course I would choose the best method for me not to get caught and transacting with bitcoin does the perfect job for it! Even if the government regulates bitcoin (which is impossible), it is still impossible to remove crimes happening around the world.

Cash/fiats are much widely used in crimes than bitcoin. After all criminals needed cash more than bitcoins or other crypto. Government should regulate more crimes than crypto just sayin

Very interesting. I shall keep an eye on this.

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.

Probably the most that worries government is that bitcoin is anonymous. That why they are saying that bitcoin or any other crypto is used for criminal activities. You cannot blame them cuz of that its theirs opinion on this subject. However this dont mean that all use this for that we here dont use this for that purpose, we trade buy invest. If this is criminal activity then we all criminals if government this like that.

Off curse few years back there were some lines that dark coin back then i think was used to transfer large amount of cash to US and they didnt do anything about it cuz they didnt know ho send it and for who was send. This is probably the major thing that government want to know everything who is sending and who is receiving that is why they wont accept this as future money.

I've been able to see a lot of news that gives info bitcoin misused for illegal goods transactions such as drugs and some even use for corruption

I agree with you, although reluctant to accept it, I have to say that there are a lot of transactions in bitcoin traders, such as the Silk Road website.
It is one of the base currencies of the dark net. I can only hope that the users of bitcoin will become more civilized and welcome this peaceful era.

Exactly! Some crimes are fraud, scams. Have you heard ransomware? Some ransomware payments are made via Bitcoins. If your computer is affected by ransomware, your files will be encrypt and before you can get back your files or be decrypt it. You need to pay hackers some amount of money, some payments are made via Bitcoin.

Actually this is not the time where this certain matter occurs. In fact, the main currency in deep web is the main cryptocurrency we've known. Bitcoin. Bitcoin is the currency in which they use in buying drugs and Etc.

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.