Bitcoin not the choice of criminals anymore - page 3.

sheenshane

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Quote from: hacekd on September 04, 2018, 05:42:23 AM

Quote from: FXTradingPro on August 12, 2018, 05:18:07 PM

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

Very good news, this can happen if the government participates in controlling bitcoin in its use by the public, because the thing that some countries fear is criminal acts like this, maybe if some countries know they might follow...

Controlling bitcoin? I don't think so why you have said controlling bitcoin since it is decentralized I know you couldn't if your thought is having a regulation that is not right. But that is not directly to the bitcoin they regulate those users in bitcoin probably that's the reason why the illegal users of bitcoin have less and did not have a transaction for criminalities activity. Criminal use has declined due to bitcoin have a transparency transaction that easy to track.

hacekd

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Quote from: FXTradingPro on August 12, 2018, 05:18:07 PM

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

Very good news, this can happen if the government participates in controlling bitcoin in its use by the public, because the thing that some countries fear is criminal acts like this, maybe if some countries know they might follow...

Tigorss

member

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Merit: 10

it is only natural that to make people feel safe and peaceful does not feel restless or upset, the improvement of bitcoin security has begun to be tightened as seen from the decline in fraud and so on already means that the method used is successful, just look at what will be done so that it is more convincing that bitcoin is really safe.

KorakPawon

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good news for all of us who at first all feel anxious about the security of bitcoin, after getting this information we are obliged to share it with everyone in order to know that bitcoin is now safe, the crime rate has decreased from the previous year that means a lot of changes and developments of bitcoin because ibi it is already natural and should be so that those who are out there feel satisfied.

Biscutard

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Quote from: FXTradingPro on August 12, 2018, 05:18:07 PM

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

Well, there's a lot of coins out there that any criminals could be use as a source of any transactions. Bitcoin is not their only best choice, it happens that there are more viable coins than bitcoin for them. No matter what the government do, people from the other side will always make their way for all of their deeds.

buwaytress

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Join the world-leading crypto sportsbook NOW!

Quote from: Kingofbitcoin12345 on September 02, 2018, 08:47:20 AM

Quote from: FXTradingPro on August 12, 2018, 05:18:07 PM

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

We know the technology behind tracking online criminals are more likely be available and can only be found in a first world country like the United States of America.. And with such assurance of decline in an activity negatively using bitcoin currency the more we appreciate it..

I will and most might consider this a success to strengthen the popularity of cryptocurrency,, but it isn’t enough and the fight are still ON..

We as the enthusiastic member of this community must do our share to report or help in cleaning the virtual world..

Actually no. You'd be really surprised at just how far behind some other countries the US is lagging when it comes to blockchain analytics. We know the big firms out there have been those like Chainalysis, but Interpol had already been tracking and shutting down dark markets years ago. Sure, the FBI had their parts to play, but it's actually their allies who've been supplying the tech.

So yeah, it's been years since criminals realised Bitcoin's anything but a safe haven for them.

Snaic

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Quote from: FXTradingPro on August 12, 2018, 05:18:07 PM

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

Recent studies conducted by the relevant structures of the European Union have also confirmed that bitcoin is used for illicit purposes in only 0.67 percent of cases. Less than one percent, it's practically nothing. Therefore, you do not need to attack bitcoin in this regard. True, the European Union is developing a number of measures that will put an end to anonymity when using crypto currency when entering exchanges and exchangers.

Yusuf_Jay

jr. member

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Well, that's good news by the way.

In addition, from the beginning, law enforcers should know that bitcoin is not the best way to commit crime, because with blockchain technology it allows traceable financial records.

Kingofbitcoin12345

full member

Activity: 462

Merit: 102

Quote from: FXTradingPro on August 12, 2018, 05:18:07 PM

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

We know the technology behind tracking online criminals are more likely be available and can only be found in a first world country like the United States of America.. And with such assurance of decline in an activity negatively using bitcoin currency the more we appreciate it..

I will and most might consider this a success to strengthen the popularity of cryptocurrency,, but it isn’t enough and the fight are still ON..

We as the enthusiastic member of this community must do our share to report or help in cleaning the virtual world..

creeps

full member

Activity: 742

Merit: 144

Quote from: 1BTC EQUALS 1CAR on August 20, 2018, 09:09:39 PM

Even criminals wanted something stable too. This only happened because they can't rely too much on bitcoin with it's fluctuating prices that affects whatever their business is. I know they'll go back again once btc makes noises and become the main topic of financial news.

Maybes its not just the price of bitcoi, I believe they don’t care much about the value since criminals can make easy money buy maybe because of the strong regulations are now out in some places. Remember that cryptocurrency is a decetralized market and crimina wants to remain anonymous but since regulations are coming maybe they are going to exit in the market slowly.

F_Ivanov1993_

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This is good news, as most countries do not accept bitcoins for this reason.

magneto

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It has always been a myth that has misled the mainstream way too much over the past few years, which is probably one of the major reasons why adoption has not picked up as much as it could have been as it seems like a lot of people have this distorted image of bitcoin, coloured by mainstream media, as some sort of criminal currency.

The fact is that criminal activity will always be carried out on a particular currency or payment gateway, regardless of what it is. Even government issued fiat is used for criminal activity. But is it the government's fault? Absolutely not. Currencies themselves do not make criminals criminals.

Besides, I'd say that the majority of bitcoin transactions are completely legal and law abiding ever since the bull market of 2013. Regulations are probably stricter here than any other field, and the volume generated via speculation (even though it's not really that positive, but legal) is far greater than the unlawful use of BTC.

aryatrals

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Quote from: FXTradingPro on August 12, 2018, 05:18:07 PM

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

I am amazed at the strict steps of American law enforcement, they can detect the movement of money due to the crime of using bitcoin, all because it is supported by advanced technology, unfortunately that case does not happen in our country, criminals are still comfortable storing bad money in the form of bitcoin currency, maybe law enforcement have not been serious about tracking their illicit money, the government should have begun to emulate American steps,

Soots

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Quote from: genuin on August 29, 2018, 11:21:06 AM

okay, maybe you think crime has drastically reduced. How to deal with people who do free trade such as sex, drugs, illegal weapons, and funding an illegal community like ISIS. Isn't that a crime that must be eradicated?

I don't think crime must be erradicated through bitcoin, because it has an independent body that will be used for independent spending. The decentralized currency isn't a preference of these criminals and terrorists like as you said ISIS, due to traceability of blockchain transparency. Those unrightful acts of these people who had illegal and devious acts couldn't do at their freedom, because bitcoin cannot be into cash form if not being deposited to the bank or any money transfers establishments, like western union.

darkangel11

legendary

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Don't let others control your BTC -> self custody

Quote from: genuin on August 29, 2018, 11:21:06 AM

okay, maybe you think crime has drastically reduced. How to deal with people who do free trade such as sex, drugs, illegal weapons, and funding an illegal community like ISIS. Isn't that a crime that must be eradicated?

Most of these people don't use cryptocurrencies. Cash was and still is the most popular payment in the criminal underworld. You can't do anything about it and you won't be able to do anything about people who exchange cryptocurrency for cash or pay with it in person for illegal goods.
That said, I wouldn't add sex into the mix. In most countries prostitution is legal and I believe that it should be legal. If a girl wants to make money this way it's her choice, especially that no harm is being done.

hardip567

newbie

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It is not in my opinion that non-legal work was done when bitcoin did not happen even then it may be a thought but this is not true. Yes, one thing must be transparency and every act should be done only by the law.

btc-facebook

legendary

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Well at my country still become the favorite or may be the favorite currency especially for corruptor !
That's why my government still forbid cryptocurrency until now. Of course every government have their own policy against the problem they against with cryptocurrency !

genuin

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okay, maybe you think crime has drastically reduced. How to deal with people who do free trade such as sex, drugs, illegal weapons, and funding an illegal community like ISIS. Isn't that a crime that must be eradicated?

Madara_Uchiha

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The time comes for legal recognition of this currency by many states. This kind of Internet money will have to come out of the shadows and obey the legal terms of circulation.

thomas_goal

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Quote from: Flor1982 on August 13, 2018, 01:35:43 AM

Quote from: FXTradingPro on August 12, 2018, 05:18:07 PM

BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

Well, this is possible to happen because most of the nations are now creating and improving their regulations policies to ensure that Bitcoin currency will not be use in illegal activities which is really very effective. KYC alone although a difficult task but its proven effective in which people background can now be identified. I believed this is the reason too on why the demand of Bitcoin and the crypro currency is reducing because some of it are formerly owns by the illegal people.

Exactly. The main factor behind this curbing of criminal use is the regulatory movements that we've been seeing. Everyone hates KYC but in the end it helps to make the crypto community more trustworthy overall. There were too many dirty associations with Bitcoin and criminals in the past that we need to have clear image. When there aren't criminal associations, regular investors will see it as less of a risk.

I don't think that we can completely eliminate criminal use but can at least keep a limit on it. They will always find a way to use it without validation.

Topic: Bitcoin not the choice of criminals anymore - page 3. (Read 1828 times)