The problem is that bitcoins are designed to blur the connection between transactions and IP addresses. All users are linked together linearly via the Internet, information is spreading as quickly as gossip, so only the informant knows the source of this information.
Topic: Criminals and Bitcoin (Read 4661 times)
Why would blame be on bitcoin? Why not just on money itself? Bitcoin may have been used for illegal activities but it doesn't mean it is naturally bad. It is the user that changes its view. A knife can kill but if used wisely itbcan be helpful in the kitchen. This ia what bitcoin is.
With a bright side of unrestricted international trade, bitcoin is also used on the dark web for the selling and purchasing of illegal and unethical products like guns, many types of fatal and addictive drugs and also prostitutes, and all of this is available on the dark web so it is given that criminals take benefit of it.
criminals can easily use bitcoin transactions most especially bitcoin hard track.
I hope the police can catch the thief bitcoin serious or illegal bitcoin users
I hope the police can catch the thief bitcoin serious or illegal bitcoin users
Criminal underworld is dropping bitcoin for other cryptocurrency.Digital currencies such as monero and Zcash, which are designed to avoid tracking, have gained popularity with online criminals and risen in value faster than bitcoin over the past two months
People will say Bitcoin and crinimals are related to each other but it's totally wrong , crinimals just use the advances from Bitcoin to cover their identify like they did to LR in the last few years.
Crimes and criminals have been in existence before the reign of bitcoin like we all know people are always entitled to do what they want with money lets take for example guns were made to protect people same gun is used to kill people rob and so on same thing is applicable to drugs drugs.So what am trying to say is that Bitcoin has nothing to do with the crimes people decide to do with it.
Bitcoin could be evil (criminal) could be good, all depends on the user. We must be wise in treating something, not arbitrarily in doing an action. Because if you do evil in the name of bitcoin, then you will lose yourself.
I also heard news about criminals in my country, using bitcoin to buy drugs in the dark web.
Police find them when they tried to sell it.
So, it's obvious that criminals like btc and crypto and using it on regular base.
Because of such news many people don't like bitcoin or have negative feelings.
We should change it.
Police find them when they tried to sell it.
So, it's obvious that criminals like btc and crypto and using it on regular base.
Because of such news many people don't like bitcoin or have negative feelings.
We should change it.
I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.
How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes) and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.
Just bitcoin is not so easy to track such as paper money or Bank transfers. That's why they try to ban it. How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes) and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.
this is the ugly side of crypto. and the police cannot trace the transactions because of the nature of bitcoin and how it is designed
Nobody uses bitcoin for criminal activity. Bitcoin is being monitored too well. He is not anonymous. Anyone who uses regular bitcoins to commit unlawful acts can be caught.
You should understand thoroughly the crime and Bitcoin, you should invest smart, safe transactions, bravery of the numbers
I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.
How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes) and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.
How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes) and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.
yes I agree with you most countries refuse btc because they are afraid the anonymous bitcoin will be used for criminal activities. but actually a crime will always happen anywhere before there btc crime already exists. the use of btc for the crime depends on the user. we can only prevent this negative issue developing by always promoting good things about btc.
With AML BitCoin criminal transactions is a thing from the past. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions while maintaining and strengthening the privacy protections for legitimate users.
But how to identify that he is using Bitcoin in illegal transactions? KYC is done to ensure that the registered user can be track. Is there a way to validate blockchain transactions? 
cryptocurrency can not be unilaterally shut down because it is like the Internet that must kill the whole world, when there is a criminal act that is named bitcoin does not mean its innocent bitcoin, the thought is what damages the image of bitcoin due to the act of the individual.
I already heard it about using bitcoin for illegal activities like hiring criminals to kill or for illegal drug transaction that you only have to pay is bitcoin.I think it will reflect to the image or popularity of bitcoin , this is for my basic observation.
Yes, this is on the news already that is one of the reasons why governments wants to regulate the use of bitcoin because many people are using bitcoin for their illegal activities.
There is really nothing that can be done concerning The use of BTC by criminals, Bitcoin is an open platform over which anyone's participation is welcomed, The criminal might be using it for transaction, but it doesn't mean that BTC is the reason why they exist. Without Bitcoin, such activities will still be on going
Criminals depart from the use of bitcoin in favor of other digital currencies, which for law enforcement agencies are more severe when tracking activity in an anonymous corner of the Internet.
you will no doubt know that more and more advanced technology is also a threat that equals the technology itself, so anyway we live can not avoid the various risks how we react and treat it for others. man is responsible for it all.
Jump to: