Topic: Criminality and Bitcoin - page 21. (Read 31307 times)
I don't think ,it increases criminal activity.evry type of currency has been used by the criminal.so it is unfair to blame Bitocoin for this.Now ,KYC is very strict in every exchange, So it is very difficult to use bitocoin for crime.
Recently, an article appeared in which it is proved that the percentage of bitcoins-transactions related to crime is 1%. This is negligible and one can not even talk about the connection between crime and bitcoin.
bitcoin has a lot of benefits, which make it more attractive for illegal activities, but we cannot say that existence of bitcoin leads to increasing of number of crimes, I would say it makes it difficult to investigate some crimes.
Not all criminal activities can be linked with Bitcoin
Bitcoin cannot be used with any kind of criminal activities
But we can can agree that with the use of Bitcoins, those who are into ransom has increased their chances of not blowing up their cover.
Those who use money as payment to drugs, gun smuggling can use Bitcoin to pay and remain unknown
However, not every criminal in this world are into this kind of technology, keep in mind that there are more small time criminals out there that those who are big time and small time ones prefer cash and fast money.
Bitcoin cannot be used with any kind of criminal activities
But we can can agree that with the use of Bitcoins, those who are into ransom has increased their chances of not blowing up their cover.
Those who use money as payment to drugs, gun smuggling can use Bitcoin to pay and remain unknown
However, not every criminal in this world are into this kind of technology, keep in mind that there are more small time criminals out there that those who are big time and small time ones prefer cash and fast money.
Bitcoin's Global Circulation, Low Transaction Costs, Anonymous, Duty Free, Regulatory Immunity and Low Transaction Costs determine that it is vulnerable to criminals.
Unfortunately true. That is the saddest part of bitcoin together with many advantages. I even kind of believe that criminal money has a lot of impact on current bitcoin prices. As their demand grow, price did the same with that.
Despite the adoption of bitcoins in individual countries, many still believe that crypto-currencies are evil and should be banned. But if we are to speak in essence, then let's be frank with each other - crime has always been, is and will be, the appearance of bitcoin on its prosperity had no effect.
Not all criminal activities can be linked with Bitcoin
Bitcoin cannot be used with any kind of criminal activities
But we can can agree that with the use of Bitcoins, those who are into ransom has increased their chances of not blowing up their cover.
Those who use money as payment to drugs, gun smuggling can use Bitcoin to pay and remain unknown
However, not every criminal in this world are into this kind of technology, keep in mind that there are more small time criminals out there that those who are big time and small time ones prefer cash and fast money.
Bitcoin cannot be used with any kind of criminal activities
But we can can agree that with the use of Bitcoins, those who are into ransom has increased their chances of not blowing up their cover.
Those who use money as payment to drugs, gun smuggling can use Bitcoin to pay and remain unknown
However, not every criminal in this world are into this kind of technology, keep in mind that there are more small time criminals out there that those who are big time and small time ones prefer cash and fast money.
Bitcoin's Global Circulation, Low Transaction Costs, Anonymous, Duty Free, Regulatory Immunity and Low Transaction Costs determine that it is vulnerable to criminals.
Just today I have read an article about criminality Bitcoins. It was informing the readers that each 10th BTC was stolen. However, the same things happen with fiat money, and ATM machines are often broken as well. I do not think Bitcoin affects criminal activities much.
To be honest, bitcoin is partly connected with criminal activity, there are criminals who, for illegal activities, they hide their cash flows, evade taxes 
Partly that's true. Right now the US is even selling purchased bitcoins that had been taken from criminal elements. But if criminals use them - that's just an indication of their reliability and anonimity.
I think BTC is actually solves all the money laundering and criminal things.
Its open to see. All the transactions are there. That's what they always wanted, all the shady deals with cash are now public.Sure you can have many wallets, but its easy to figure out money flow.
Its open to see. All the transactions are there. That's what they always wanted, all the shady deals with cash are now public.Sure you can have many wallets, but its easy to figure out money flow.
Of course bitoin is used for buying illegal stuff in deepweb and money laundering, but that, however, is only one side of the coin. Bitcoin is a techology and technology can be used for good and bad things, don't blame the weapon blame the person.
No doubt that other bitcoin users use their bitcoin in a wrong way such as buy illegal drugs, firearms and it is also used by the criminal for some gun for hire(hitman) as fee. But it depends on bitcoin users where they will use their bitcoin. We can not do anything because bitcoin has two faces, all of the users have a freedom to use it wherever they like.
That is right, before bitcoin was ever created, fiats are being used for criminal activities, either paying people to kill people, laundering and other stuffs.If bitcoin is the reason why criminal is ever growing then why was there lots of crimes even before Bitcoin was created. This is just dumb's reason to prevent Bitcoin to be in mainstream. Probably those who are spreading news like these are scared that they will be put out of business if bitcoin became globally adopted.
All i can say is, it's all possible to happen and i have no doubt of it. Criminals used everything that they think is useful for every illegal activities they do. Even crypto currencies, specially bitcoin which is decentralized and anonymously that makes untraceable every transactions they do, that can be a big help for them to hide their identity from the sender or receiver.
It is very wrong, it is wrong that the crimes are expanding with bitcoin. As the offenders are utilizing their money and any cash they find. It is a victim, it is exploited by criminals, they use bitcoins as a means to carry out their evil deeds. A lot of people think that bitcoin is only created to serve deepweb, but in fact, bitcoin has more uses, what is happening in the world is the way to prove it.
Not all criminal activities can be linked with Bitcoin
Bitcoin cannot be used with any kind of criminal activities
But we can can agree that with the use of Bitcoins, those who are into ransom has increased their chances of not blowing up their cover.
Those who use money as payment to drugs, gun smuggling can use Bitcoin to pay and remain unknown
However, not every criminal in this world are into this kind of technology, keep in mind that there are more small time criminals out there that those who are big time and small time ones prefer cash and fast money.
Bitcoin cannot be used with any kind of criminal activities
But we can can agree that with the use of Bitcoins, those who are into ransom has increased their chances of not blowing up their cover.
Those who use money as payment to drugs, gun smuggling can use Bitcoin to pay and remain unknown
However, not every criminal in this world are into this kind of technology, keep in mind that there are more small time criminals out there that those who are big time and small time ones prefer cash and fast money.
Bitcoin's Global Circulation, Low Transaction Costs, Anonymous, Duty Free, Regulatory Immunity and Low Transaction Costs determine that it is vulnerable to criminals.
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.
Attention should be paid to lawless elements who use bitcoin to do bad things: you may be able to escape but can not possibly disappear. Law enforcement officials can now use the public general ledger - the blockchain to learn where fictitious currencies are going and to track the whereabouts of alleged criminals.
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 is being used for illegal asset transfers - buying Bitcoin in its own currency, selling it on a foreign exchange and then taking it out in U.S. dollars for a few minutes to complete the transfer of assets.
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.
I think that some of us knows about it, that Bitcoin is used for crimes and one of these is the terrorism, I was thinking do they get their much money to buy anything that they wanted, and I thought that they were using bitcoin as one of the reason why they can do that. On the contrary we should remember as people that we should used Bitcoin safely and enlightened our mind to have a knowledge to do good things which will not effect ourselves and our country.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.
I believe that it is not the point here because crime are already here. Even outside crypto world crimes are there. Criminals will use you iether you are in a crypto world nor on our local areas as long as they believe they can get something from you.
Anything can be use for crime. But I believe bitcoin is not the source of this crime rate increase. I think the reason why they think that bitcoin is the source is because bitcoin had a bad record before. As we all know bitcoin was commonly used on the dark web for illegal transactions. I think that is the main reason why they see bitcoin as cause.
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.
I think that some of us knows about it, that Bitcoin is used for crimes and one of these is the terrorism, I was thinking do they get their much money to buy anything that they wanted, and I thought that they were using bitcoin as one of the reason why they can do that. On the contrary we should remember as people that we should used Bitcoin safely and enlightened our mind to have a knowledge to do good things which will not effect ourselves and our country.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.
Any form of currency or money as long as it has value can be used in crimes or any other stuffs similar to those things. The problem in here is not the bitcoin or other digital currency, it is those people who misuse this technology and use it on the way they want to use it without realizing that they can cause harm to other people or maybe they are just used to it. Even if the government regulates the use of bitcoin or other digital assets I don't think that they can stop criminality from spreading all over.
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