The presence of bitcoin certainly gives freedom to anyone to use bitcoin, even for criminal activities and transactions, but I think this is not a bitcoin error but from people who use bitcoin.
For me there are some point that criminality and bitcoin can do together by many criminals in this wolrd, and we also know that bitcoin is open for everyone, so for me it has a chance that in the future many criminals is we will learn to used bitcoin for doing illegal transaction. 
Topic: Criminality and Bitcoin - page 10. (Read 31307 times)
https://www.deepdotweb.com/2016/01/23/bitcoin-playing-an-increased-role-in-crime-europol-says/
Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
Yes, now a lot of criminals because of the currency dispersion and anonymity and select the currency as a crime of money, so they find it hard to through the capital flow to query any trace of the criminals. But only a fraction of criminals use bitcoin. Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
The company of bitcoin hates the criminality, most especially if there services used as a medium in fraudulent activities. The bitcoin provides a whole security to ensure that this things will not happen.
Indeed, we can't but have this kind of situation. Anything that have advantages must surely have disadvantages. Fiat currencies also have huge number of disadvantages.
I always knew that the perpetrators of financial cime will see cryptocurrency as a safe haven and this is a disadvantage.
I always knew that the perpetrators of financial cime will see cryptocurrency as a safe haven and this is a disadvantage.
I would like to point out that prior to the introduction of Bitcoin, crime rates are in a high world all the time.
Bitcoin is a technology-based invention that is intended to improve everyday human life, just like other current technological inventions.
It's unfortunate that people have chosen to use it the wrong way, so it's a gap to get criminals.
It is also because of its anonymity that facilitates tax evasion, illegal money transfers, payments, and illegal transaction financing. Subjects can exchange to Bitcoin and then via electronic wallets to transfer money overseas in an instant without losing fees, this method is convenient and much cheaper than bank transfer but can clean the tracks quickly.
Bitcoin is a technology-based invention that is intended to improve everyday human life, just like other current technological inventions.
It's unfortunate that people have chosen to use it the wrong way, so it's a gap to get criminals.
It is also because of its anonymity that facilitates tax evasion, illegal money transfers, payments, and illegal transaction financing. Subjects can exchange to Bitcoin and then via electronic wallets to transfer money overseas in an instant without losing fees, this method is convenient and much cheaper than bank transfer but can clean the tracks quickly.
https://www.deepdotweb.com/2016/01/23/bitcoin-playing-an-increased-role-in-crime-europol-says/
Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
btc works well for some criminals, nobody can deny that. it doesn't mean it also doesn't serve a lot of good too
Should we stop using bitcoin just because some people use it to do things that violate the rule of law, this is the only reason the government uses to ban the crypto currency. Maybe Bitcoin transactions are impenetrable and criminals use them to pay for their crimes but that is not a Bitcoin issue. The wrong person is not the bitcoin.
With great value and anonymous bitcoin, this is a good opportunity for criminals to use bitcoin to carry out illegal activities such as money laundering, drug trafficking and gambling. Bitcoin conducts transactions primarily through the Internet. Bitcoin owners may be attacked by hackers
That is the reason why the government are afraid to fully legalize or accept it as a currency to their country because it might be added to the cause of doing illegal things because bitcoin is anonymous and it is untraceable so that is a very hard task for the government authorities if they want to know who are the people that are transacting or doing illegal stuffs.
The same thing was said about the internet and now people use the internet more for legal business than crime. In those time technology has a "dark" side. Telephones are used to bad work and exploit people,so much but most telephone calls are legit. Do we throw away all telephones, because a small percentage of people use it for crime? NO... The good will triumph in the end.
This news is likely to destroy the bitcoin to come. not the world's Internet crimes are already from the beginning of a lot more volatile. and most of the crime was born before the advent of the bitcoin into the world.
With great value and anonymous bitcoin, this is a good opportunity for criminals to use bitcoin to carry out illegal activities such as money laundering, drug trafficking and gambling. Bitcoin conducts transactions primarily through the Internet. Bitcoin owners may be attacked by hackers
Before bitcoin, there was crime, and there still will be crime. the fact that BTC has been used as a form of pay in the dark market doesn't make it responsible for crime, BTC can be used by anyone as it doesn't have regulations on use uses it an who shouldn't
It seems for every thing that becomes popular we are looking for something wrong in it.
I know about the illegal deal that have been happening around it because I was also offered to sell my bitcoin for them but it depends on the bitcoin owner if he will bite that just so he could take more.
i doubt it.
criminal activities were happening even before bitcoin. for example the ransomware that everyone is talking about these days have been around a very long time before bitcoin was created!
and besides since bitcoin doesn't offer real anonymity it can not really help the criminals as much as things like hard cash helps them.
criminal activities were happening even before bitcoin. for example the ransomware that everyone is talking about these days have been around a very long time before bitcoin was created!
and besides since bitcoin doesn't offer real anonymity it can not really help the criminals as much as things like hard cash helps them.
We can never associate criminality with bitcoin. It would be too harsh to say that there's criminality because of bitcoin. It is is just that criminals are using every possible ways to commit crime but we should not put the blame on bitcoin if there are instances that this can be used to do transactions.
I like to point out that before the introduction of the BTC, crime rate was at an all-time high world over. Taking the BTC away wouldn't curb crime in any way. Just to mention, isn't fiat money used for crime as well. If they are saying that the decentralized nature of the BTC makes it difficult for them to track crime sources, how much have they done to track crime sources carried out via fiat money? As a matter of fact, crime perpetrators can use any means to commit crime and not just the BTC. The BTC is a technology-based invention that is meant to improve the daily lives of humans, just as every other technological invention today. It is only unfortunate that people have chosen to use it the wrong way. The problem is not the BTC. It is the people. I think this point is just as detractive as every other reason that jealous people are giving against the BTC. Thanks for sharing though.
https://www.deepdotweb.com/2016/01/23/bitcoin-playing-an-increased-role-in-crime-europol-says/
Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
Bitcoin has the currency..the choice for cyber criminals
The decentralisation and anonymity are attractive to the criminals using this site.
Before bitcoin, there was crime, and there still will be crime. the fact that BTC has been used as a form of pay in the dark market doesn't make it responsible for crime, BTC can be used by anyone as it doesn't have regulations on use uses it an who shouldn't
I think a lot of bad people who use bitcoin for example crime such as corruption results in money then exchanged with bitcoin and it's one of those crimes that also cause problematic bitcoin because they are bad people and that it should be destroyed.
there is nothing in this world which have an advantage that those not also have a disadvantage, but what matters is that is the advantage surprising the disadvantage? YES it so in matters like this we don't have to be looking at that anymore, because even in the country which is consider as the most peaceful country still have some criminals in it.. bitcoin is not the first blockchain technology that have an advantage and also a disadvantage, so it will not also be the last. for me i already know that something like this will come up. this is nothing to talk about.
Apart from utilities such as fast, cost saving, virtual currency transactions are risky because of the complexity of being anonymous, unable to know who is holding the money. The transaction is complete traces no longer. So it's a gap to get criminals. It is also because of its anonymity that it facilitates tax evasion, illegal remittance, payment, financing of illegal transactions. The subjects can exchange the dong to the bitcoin and then through the electronic wallet to transfer money abroad at a glance without losing a fee. This method is convenient and much cheaper than bank transfer but can clean up traces quickly.
Don't say that bitcoin is bad thing, the bad one is the criminal. They use this technology to transfer money untraceable, we can't stop criminal from doing illegal way and any technologies could used by them.
I do not think bitcoin encourage people to be criminal or increase its activity. This criminal activity will still happen even if bitcoin does not exist. One of the proof is the criminal activity that was recorded even before Bitcoin were created. Criminals will use all possible means to do their illegal activities whether they are using Bitcoin or not.
...Exactly,that the criminal activities are already exist before the bitcoin created. Actually,it depends of people whether he/she will make such kind of criminal activities by using any kinds of money. It's not the bitcoin's fault, but to the irresponsible people. Just like us as individual that we should already know ourselves or the atittude if we are righteous or wicked. Jump to: