Either an unexperienced journalist or a political driven agenda in that article. This argument is really dtupid and only for uneducated individuals. The most crimes are commited using US dollars, and i dont see anayone making a noise to ban the american dollar.
There is no relevance about what coin or money is used to make a illegal transaction.
Topic: Criminality and Bitcoin - page 56. (Read 31307 times)
It is part of the attraction of bitcoin in the first place. The anonymity. It is a challenge for law enforcement for sure.
Also a reason for the government agencies not to support bitcoin because they are aware that bitcoin does have this feature of anonymity. But later on there's not that much any issues regarding anonymity with bitcoin though last time there are ransomware that requires their victim to pay them in bitcoin for the removal of that malware and for gaining back the access to their files.
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.
It is part of the attraction of bitcoin in the first place. The anonymity. It is a challenge for law enforcement for sure.
I stumbled upon the news about Louis Ong, "bitcoin investor" from Seattle, who got busted for money laundering.
It occurred to me that Bitcoin might be a perfect money-laundering tool.
Don't you think that?
Are there any facts that might prove me wrong?
It occurred to me that Bitcoin might be a perfect money-laundering tool.
Don't you think that?
Are there any facts that might prove me wrong?
No. Bitcoin is perfect anti money laundering tool. I tell you why, Bitcoin blockchain is transparent. You cannot hide your transaction once the address is linked to your account or your transactions account. Bitcoin needs to be converted and government will start from that point tracking addresses backward to point out who is the culprit.
The bitcoin dark side will always be there and let's be real , nasty stuff are happening in every domain. We all know that bitcoin and other coins are used on blackmarkets.
we can not resist any negative things created from the positive things created, just like Bitcoin, criminals will certainly take advantage of Bitcoin, because the level of security is very high ..
That's a pretty weird thing to say about this subject, I don't think that criminals use Bitcoin specifically because it's more secure. They mainly use it because of the perceived anonymity of Bitcoin and because it's easier to make use of for criminal purposes than, say, Paypal or bank accounts.
We all know the fact that the increasing crinaminals are always attacking on online businesses because they can hide there identity most likely they using bitcoin as the basis of payments, plus adding ransoms, hacking, spamming due to a high value of exchange rate that the reasons why criminals are spreading in the entire world.
The negative side of bitcoin is anonymous, maybe someday there is a wallet provider that requires identity verification so it can make the user responsible for all transactions done.
I think the best part of bitcoin is anonymity. The reason why Bitcoin is so famous stems from anonymity. Without anonymity there would be no difference between good and other payment methods. Only one address is enough for you. How beautiful is not it?
I am actually pretty sure they are using some altcoins for money laundering
we can not resist any negative things created from the positive things created, just like Bitcoin, criminals will certainly take advantage of Bitcoin, because the level of security is very high ..
That's a pretty weird thing to say about this subject, I don't think that criminals use Bitcoin specifically because it's more secure. They mainly use it because of the perceived anonymity of Bitcoin and because it's easier to make use of for criminal purposes than, say, Paypal or bank accounts.
I think it's silly to argue that bitcoin contributes to crime. There are a lot of news on this topic, for example, require a ransom for btc. But all the same thing is done for usd. It turns out we should ban usd.
Some criminal try to make criminality with bitcoin.Example a criminal buy some drug or other Object then he try to make payment with bitcoin.And this time people think bitcoin is a criminality coin.But all people remember it who use bitcoin with criminality.Find them and give them police.
we can not resist any negative things created from the positive things created, just like Bitcoin, criminals will certainly take advantage of Bitcoin, because the level of security is very high ..
Yes. Because of secure level of Bitcoin, there are a lot of people taking advantage of Bitcoin to commit guilty such as money laudering or drug trafficking. It's the reason why there are some countries that banning Bitcoin to prevent the guilty come up with Bitcoin. Beside, not only Bitcoin taken advantage of, there are some altcoin taken advantage of also, for example there are a lot of new ICO projects appear everyday and some of them are scam project that why China and Korea banned invest in ICO project in their country just to protect investors in their country. Everything has good and bad sides 
we can not resist any negative things created from the positive things created, just like Bitcoin, criminals will certainly take advantage of Bitcoin, because the level of security is very high ..
The negative side of bitcoin is anonymous, maybe someday there is a wallet provider that requires identity verification so it can make the user responsible for all transactions done.
I think the best part of bitcoin is anonymity. The reason why Bitcoin is so famous stems from anonymity. Without anonymity there would be no difference between good and other payment methods. Only one address is enough for you. How beautiful is not it?
I think Yuk is out of mind and not known the usage and benefits being anonymous in the bitcoin community or elsewhere. Not all the anonymous people are doing illegal work with the bitcoin.
Some may do but we cannot consider them as a matter in this issue. If you back track with the online wallet you can find the transaction information exactly. No one will be able to cheat since it is anonymous also.
the new trend which is buying art (paints, statue, etc.) and bitcoin. being not regulated it's the best way to wash the dirty money
Trading debt-based money for valuable items is the crime.
recently in an italian tv show they were talking about mafia's money laundering methods, and they noticed the new trend which is buying art (paints, statue, etc.) and bitcoin.
being not regulated it's the best way to wash the dirty money, it's a volatile form of money, untraceable and secure; shame it doesn't exist in english or with subs otherwise i would like it here because it's a really interesting analysis.
being not regulated it's the best way to wash the dirty money, it's a volatile form of money, untraceable and secure; shame it doesn't exist in english or with subs otherwise i would like it here because it's a really interesting analysis.
I stumbled upon the news about Louis Ong, "bitcoin investor" from Seattle, who got busted for money laundering.
It occurred to me that Bitcoin might be a perfect money-laundering tool.
Don't you think that?
Are there any facts that might prove me wrong?
It occurred to me that Bitcoin might be a perfect money-laundering tool.
Don't you think that?
Are there any facts that might prove me wrong?
For every thing there is advantages and disadvantages . It's good and bad part is all depends up on user.If the user is using bitcoins for criminal activity that must be illegal ,it not in our hand and it's not our fault . we can't control it also. There is no solution for this problem.
The negative side of bitcoin is anonymous, maybe someday there is a wallet provider that requires identity verification so it can make the user responsible for all transactions done.
I think the best part of bitcoin is anonymity. The reason why Bitcoin is so famous stems from anonymity. Without anonymity there would be no difference between good and other payment methods. Only one address is enough for you. How beautiful is not it?
Is caused by the large quantity of men and women who believe that Bitcoin is anonymous, when in simple fact Bitcoin is so opposed to it - all transactions Bitcoin clear and every person in the planet can see the ongoing Bitcoin transaction. Folks could not be ready to link a particular personal id to a Bitcoin transaction immediately (this is why occasionally Bitcoin is also known as pseudo anonymous), but if they uncover it, then they can see all the transactions you have completed on the Bitcoin community. This is why Bitcoin is the incorrect way if you use it for items that are not correct.
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