Topic: Btc crime - page 2. (Read 825 times)

If they only use crypto to cleanse the money that they rob then yes it's not an example of illegal transaction. It's not that those criminals want to destroy the reputation btc by using it on their activities but the main reason they use btc is because it has a unique characteristic which can make them get away from the crime easily but sorry because authorities are just smarter than them, leading for them to be traced and caught.

As an old crypto user we already know that crypto is a legal currency but I don't know to some that are still new to it, maybe the news will make them confused and they will start to think negatively towards cryptos.

News agencies also make it worse when they highlight these type of news making people think that bitcoin is only used by criminals. These criminals that involves bitcoin on their illegal activities are not completely anonymous because they will still convert it to fiat in order to spend it, if they do that then authorities can track and capture them. People are not aware that money laundering can be done using many mediums not just money. There are some criminals that use painting exhibits or anything that is expensive to execute those activities.

And they will find a way with all of their means just to succeed in their evil plan.
Money laundering is difficult to stop knowing that some corrupt government officials are already a part of this. But what does OP mean by blaming the crypto for this, I believe it was not right. This argument gives an idea to the people to also think evil things like this knowing that it was easy for them to hide from the authorities. Either fiat or crypto, these money launderers won't stop doing this as long as they are free and still have the chance.

If that is the case then fiat is still the option that the criminals, I mean there is no satisfaction for this kind of people by seeing tons of paper in front of them and feels very happy about it.

But laundering is another thing, and yes there are a lot of way to hide and wash everything. And unlike crypto, it will take a lot of effort, so this is not a good choice of criminals as it will just make things complicated for them. Just the usual, creating business up front or using heir existing already to hide the dirty money.

well as some have already said, in the article they didn't talk about bitcoin specifically, they're just talking about cryptocurrencies (in this case there are 3 cryptocurrencies), talking about cryptocurrencies and money laundering, I think for very smart people they didn't use bitcoin for this type of crimes, it would be a serious mistake that they would be committing, using Fiat is the best option (of course I'm not encouraging this type of crime, I'm just saying that between bitcoin Vs fiat the best option is fiat ), in my country for For example, criminals keep kidnapping people and kill people and create stores and various businesses in order to justify the origin of the money, these criminals use fiat

Cryptocurrency has been used severally for such cases but that doesn’t make it an illegal means of transaction. People tend to use something legal and clean for illegal activity just to make it looks bad to the public and for their benefits gain. Don’t fall for such acts and make conclusions that the use of cryptocurrency poses threat to the society.

What exactly is the essence of this post?
You didn't elaborate the post;
You also didn't include link;
Are you warning us about potential scam;
Are you trying to discredit bitcoin;
Are you suggesting that this forum should be shutdown because some people used bitcoin to commit crime?

For your information, I was scammed with btc and not by btc and today I am a believer of bitcoin. Let's go next page.

Indeed, right.
Money laundering already existed many years ago using fiat money before Bitcoin comes. However, many people see the potential use of Bitcoin to easily make such evil things without getting easily tracked by the authorities. As people become anonymous here, even the transactions got caught but only a few people have been found guilty and put in prison. This is the reason why criminals had used this as a medium for their major transactions unnoticed and went successfully.

Crime doesn't happen because of the Btc they use for money laundering, because I think crime happens how the person's intentions are, Fiat can also be done for money laundering if the person has bad intentions and wants to do money laundering. So whatever the form of Btc or Fiat, if the intention is bad, anything can be done. Think positive in any form, it happens because there are bad intentions and what they have planned for evil.

The government around the world just want to spread negative impact of bitcoin usage among people through these articles so that they avoid using it fearing that it's bad money but they will never succeed in these attempts like the past.The people need to realise and understand this reality that it's your money and depends on how you use it.Btc is unstoppable with these fake news.

Three persons were arrested for laundering millions of money stolen from the French treasury. Three suspects arrested. During the same time period there might be higher amount of money laundered through other means, and police could've arrested them. But, the news won't come outside. This is just a way of making a negative thought about cryptocurrency over the minds of people who were in a dilemma whether we can use crypto or not.

certainly, i understand that, but we're talking about bitcoin here, so bitcoin and crime are really unrelated
if there is no bitcoin, criminals will use fiat, so why doesn't the government criticize or accuse fiat, they are targeting bitcoin, they see bitcoin as a threat to their dominance
if they don't like bitcoin, they can't use it and they can ban it but don't use illogical reasons to condemn bitcoin

Why f there is crime related to Bitcoin and crypto, the news will be very high sreading. But when the money laundering, as usual, is considered something that is a common situation.
Here, simply, crimes with Bitcoin or crypto is very small compared to criminal with non-BTC (like fiat and others). WHy should balme BTC always?
because there are so many interests in BTC, so many aprties still hate BTC that is why they always blame BTC for whatever the crimes.

Of course!

We should all stop using anything that enables bad people to do bad things. Let's stop using firearms because they kill people. It doesn't matter that they also save lives and protect us from wild animals.
Let's stop using fiat money because people buy drugs with them.
Let's stop buying alcohol because people get drunk and fight.

Op is just trolling, don't mind him. 

People will try to highlight the negative contribution of bitcoin in the market.
They forgot that up until now, fiat is still the leading currency when it comes to illegal stuffs.
This kind of news is a highlight as the money launderers was using crypto.
So it gave negative perception towards bitcoin. But if you educate these people regarding the nature of bitcoin,
they will understand that crypto is just one means in this illegal world of activities.

Bitcoin this, Bitcoin that, Bitcoin government headache, government lets kill this bitcoin, government spread negative news on bitcoin, when will all this stop? The government will always find one little thing to hold against what they don't want or what they don't want to exist.
Money Laundering started way back since the inception of fiat and is still going on, especially by business, so much illegal money has been washed through clubs and warehouses, and some coke has been exchanged in fiat printed by the same government. Criminals will always use any means to carry out their evils, I know it is a concern for the bitcoin ecosystem but they shouldn't make it look as if it only happens with bitcoin.

the difference being that in fiat. they have had practice of decades to shelter themselves

setting up dummy companies where by the "company" takes the responsibility. not the human running the company.
so because you cant put a business in prison. all they can do is put a fine on the company. and due to certain laws. fines have a limit on what the amount can me.
and thats how they get away with it

in crypto.because some millenial->GenZ has had no proper teachings about off shore accounts/shell companies. and legal entity "person". its easier to tie a human to an action
(however things could be done to change this)

this is why. for instance the clinton foundation can syphon money into the foundation. have no income tax on it because its not a human its a legal entity. then the clintons(humans) as beneficiaries but not owners can spend the money while not taking the responsibility for the fund
(EG they can plead ignorance when they get "donations" from terrorists)

however in crypto. whomever owns/controls the key is the perpetrator of anything bad that happened using them funds
this is usually where people should (not endorsing, speaking common sense knowledge) use multisigs so that it becomes difficult to prove who decided to move funds.
also people can set up coded triggers. that when funds enter X address a automated process is performed to move X to Y so that there is no human facilitating the transfer.
(plus it helps to not announce yourself on github that you coded such processes to facilitate certain tasks)

and other processes to turn a normal bitcoin holding into a off shore shell account style system

I think it is very unfair that while we are focusing so much on the smaller crimes, the largest and biggest ones get away with no consequences.  Let us be honest, there are so many papers that have been leaked only in the past five years proving there are a TON of politicians and wealthy people doing the laundering and illicit activity amounting to enormous sums of possibly trillions.  Yet we are focused on things like someone scamming someone else for $10k.  It is just as bad, of course, I do not think we should ignore the guy scamming for less.  But it is kind of insane how we give zero damns about a public figure just because they are well known and the main focus goes to things like 'hey, but Bitcoin has scams!  Let's ban it!'.

This thing blew up a few months ago.  The bank from Switzerland that got documents leaked a few months ago.  Everyone acted so surprised that so many politicians and public figures are hiding wealth when this was a well known fact for so many years!  How come it was a known fact for me but authorities act surprised?  Am I so special to know tips and tricks of the Wealthy?

As much as I do not want this to sound like a conspiracy, this idea of governments, mainstream media or particular public figures having a specific agenda to make Bitcoin sound like a criminal's choice is getting a bolder and bolder confirmation in my head every time things like this happens.  Crime is everywhere.  Crime exists even outside Fiat and Cryptocurrencies.  What this 'Bitcoin is bad' thing is, is exactly a targeted attack.

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Regards,
PrivacyG

Bitcoin just becomes the medium, but it does not support anything that would say that using Bitcoin is a crime and is the cause of money laundering. Money laundering even happens outside crypto and I believe there are waaaay too many people doing that more rather than us, crypto user.
Even from scams, Bitcoin is just being used as the currency but it is not entirely the root of all these scams.

There is no longer any connection between bitcoin and money laundering than between the US Dollar and money laundering. Bastards and criminals use all forms of currency.

Blaming bitcoin for a math problem or a computer program for someone using that tool to break the law is like blaming a screwdriver for someone who stabbed someone with that screwdriver.
and the problem that the OP mentioned is only cryptocurrency, not bitcoin because most people only know cryptocurrency is bitcoin, especially newbies who don't read it well before judging it is bitcoin.