Author

Topic: Drug Trafficking with Bitcoin in India (Read 741 times)

legendary
Activity: 840
Merit: 1000
July 24, 2016, 08:36:53 AM
#9
Thats really bad news for india and as well as bitcoins.
We want our country india and bitcoin to be popular in a good way not like that.
Ya right always the name of india comes in something bad and now with bitcoin related its really dissapointing.
Thats not true, Bitcoin being used in drug trafficking isn't a problem only in India, but rather all over the world. Bitcoin is used in almost every other country for drug trafficking along with other illegal activities.
newbie
Activity: 28
Merit: 0
July 24, 2016, 07:17:57 AM
#8
Thats really bad news for india and as well as bitcoins.
We want our country india and bitcoin to be popular in a good way not like that.
Ya right always the name of india comes in something bad and now with bitcoin related its really dissapointing.
hero member
Activity: 1260
Merit: 524
July 24, 2016, 07:16:34 AM
#7
Every business has its share of illegal users apart from the normal legal users like us. For eg, some guys like escrow.ms have already been caught for using bitcoins to steal from credit cards of other countries. (this was in the new earlier this year)

Terrorism financing/ drugs/ etc are nothing new for the police, for years they have been financed by fiat currency by gundas and dadas and even bollywood mobsters and now since bitcoins is picking up, they will continue to use both fiat and bitcoins for all these illegal purposes.

As long as we traders are honest there is nothing to fear.

totally agree with you that their is always good and bad features of all things why even you can take gold is also used for illegal activities so does it then belong that gold is only for illegal use their u can see the good feature as used in ornaments and etc., the same way bitcoin if used properly is very good with full security features.
newbie
Activity: 14
Merit: 0
July 24, 2016, 06:16:57 AM
#6
Every business has its share of illegal users apart from the normal legal users like us. For eg, some guys like escrow.ms have already been caught for using bitcoins to steal from credit cards of other countries. (this was in the new earlier this year)

Terrorism financing/ drugs/ etc are nothing new for the police, for years they have been financed by fiat currency by gundas and dadas and even bollywood mobsters and now since bitcoins is picking up, they will continue to use both fiat and bitcoins for all these illegal purposes.

As long as we traders are honest there is nothing to fear.
hero member
Activity: 910
Merit: 505
July 23, 2016, 06:15:33 AM
#5
I also seen this news.now ppl are using btc as means of drug payment and especially in india,it will lead to decrease the trust in digital currency in india.
I also came to know that some illegal log supply is also done using digital currency.
full member
Activity: 154
Merit: 100
July 23, 2016, 05:30:08 AM
#4
Thats really bad news for india and as well as bitcoins.
We want our country india and bitcoin to be popular in a good way not like that.
hero member
Activity: 616
Merit: 526
July 21, 2016, 03:32:13 AM
#3
Very disturbing news. Just another opportunity for haters to throw a stone at BTC. Hope the innocent users don't get caught in the loop.
legendary
Activity: 840
Merit: 1000
July 18, 2016, 05:09:27 AM
#2

Could be anyone, I am just scared that exchanges might be required to give up all the information on the users. Sometimes in cases like these even localbitcoin traders wound up being probed by just buying or selling to people involved in illegal activities.
hero member
Activity: 686
Merit: 500
vini, vedi, no vici.
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