This is not at all related to Bitcoin. If the terror funding was using rupees, would this be a Rupee related terror attack? If they used seashells, would it be related?
When they catch these guys because they traced their transactions with blockchain, then they'll realize the reason they were successful is related to Bitcoin.
Topic: First Terror Attack Related With Bitcoin - INDIA - page 2. (Read 700 times)
Yup, let them stop using bitcoin, go against it and ban it while rest of the world are embracing it. Just because a group of extremist used bitcoin, doesn't mean the country should start banning using bitcoin. I have heard India has money corruption problem. Tell your leaders to start using bitcoin and keep everything transparent. I doubt they will since it is going to hurt their black business. Oh, tell them that people also use fiat currency to finance terrorism and they should start banning fiat too. Would be great to go back to barter system. No more terrorist financing.
I am sorry to hear that. I wonder how much the media, government officials will blame bitcoin for this. I am sure there will be a lot of outrage towards bitcoin at the end of it all.
a part of me can't help but wonder what if this could just be a ploy in order to push through the banning of cryptocurrency in India? I know that the thought is baseless but it wouldn't be the first time a government official or someone with enough money would have done something like this.
a part of me can't help but wonder what if this could just be a ploy in order to push through the banning of cryptocurrency in India? I know that the thought is baseless but it wouldn't be the first time a government official or someone with enough money would have done something like this.
Another news that will highlight the use of bitcoin in terrorism. This is sad news as they will use this as another example not to be pro-crypto. And this is not good news from all crypto users coming from this country. A lot of them are earning income during this pandemic. Thanks to bitcoin. But hopefully, their government will understand the situation and how crypto will change more lives rather than destroy them.
I am sorry to hear that. I wonder how much the media, government officials will blame bitcoin for this. I am sure there will be a lot of outrage towards bitcoin at the end of it all.
a part of me can't help but wonder what if this could just be a ploy in order to push through the banning of cryptocurrency in India? I know that the thought is baseless but it wouldn't be the first time a government official or someone with enough money would have done something like this.
a part of me can't help but wonder what if this could just be a ploy in order to push through the banning of cryptocurrency in India? I know that the thought is baseless but it wouldn't be the first time a government official or someone with enough money would have done something like this.
For the first time a IS terror attack planned for execution is related to bitcoin. Couple have been arrested in Delhi, and on investigation the funding process happening through bitcoin is found. On further back tracking it was from a women from UK sending funds to the respective wallet. The attack has been planned to be executed in fourteen places at once. Already the government has been opposing the usage of cryptocurrency. Now this will be an added opportunity to stop usage of cryptocurrencies.
Source : Bitcoin to Fund Terror
This isnt something new where Bitcoin had always that kind of negative image when it comes to money laundering and funding out terrorism. Why they wont make out such headline that Source : Bitcoin to Fund Terror
fiat itself also been used?
They are just trying to emphasize that Bitcoin shouldnt really be that to be adopted due to this kind of possible usage without even thinking that this had been done
for centuries now when it comes to terrorist's funding.
This might be the first confirmed funding yet back in the past, those are just presumptions or assumptions and now it has been proven, then what?
Bitcoin is always used in the wrong side. I don`t why people will look at bitcoin to use in criminal activities such as being terrorist, scamming and hacking. There is always a dark light when btc tries to develop its name to the public. This news might reflect to other people bad again. The trust that bitcoin`s earn will fade away due to the criminal who destroy its reputation. Due to its decentralization, people are taking advantage to use it in bad things.
They're not even related. Bitcoin is a currency, just only decentralized. They just are just waiting for an event like this to happen and then use as an excuse.
I read a news about someone that shoved gold into his anus just to smuggle it in the airport. Why not ban gold?
The crypto community needs to be careful. We shouldn't give them reasons to ban cryptocurrency.
I read a news about someone that shoved gold into his anus just to smuggle it in the airport. Why not ban gold?
The crypto community needs to be careful. We shouldn't give them reasons to ban cryptocurrency.
It is sad news that we cannot avoid. Bitcoin can be used by terrorists. How can they convert it to Fiat? Because they need the Fiat, I don't think it will be easy for them. Also the most powerful currencies that we know have been used by terrorists to finance their actions. I don't think this will negatively affect Bitcoin to a great extent. Although there will always be someone who points to Bitcoin with these facts.
Now this will be an added opportunity to stop usage of cryptocurrencies.
They can use this as an excuse but when i read the article there are many contradicting statements.For example, these are from the article
Quote
Cryptocurencies such as Bitcoins leverage a technology known as blockchain, a decentralised, distributed ledger that tracks transactions. These are anonymous and nearly impossible to track, and are commonly used in dark web transactions.
They say that it is a distributed ledger that tracks transactions but in the very next sentence they say it is nearly impossible to track
. The fact is, it cannot be both because it tracks transactions and hence it is possible to track every transaction that is made.
And in the article it says that millions of BTCitcoin are confiscated by the authorities that are used for funding terror and that cannot be said about fiat currency as it does not have a paper trail.
Same thing could of happened if they sent the funds of terrorism using moneygram.
This is just getting lame.
This is just getting lame.
It is quite unfortunate that this would only add up as more reasons why the government should not accept bitcoin. But if we are honest with ourselves, there have been thieves, robbers, and even kidnappers long before bitcoin was created. Labeling bitcoin as illegal doesn't solve this.
usually, after there's bad news about bitcoin, mainstream media will explain what is bitcoin, the price, etc.
but I hope it won't leave a bad impression about bitcoin in India.
in 2015, there was a bomb terror at a well-known mall in my country. the terrorist wanted 300 BTC to the mall.
the bomb exploded and became big news on media.
it wasn't related to something related to religion.
it just a one-man-show terror with poor economic background.
also, I read that 1 week later, the mall sent him $50 in bitcoin. lol
but I hope it won't leave a bad impression about bitcoin in India.
in 2015, there was a bomb terror at a well-known mall in my country. the terrorist wanted 300 BTC to the mall.
the bomb exploded and became big news on media.
it wasn't related to something related to religion.
it just a one-man-show terror with poor economic background.
also, I read that 1 week later, the mall sent him $50 in bitcoin. lol
Giving $50 in BTC is probably the reason why the bomb exploded. lol
This attack traced by NIA is for 14 places which 100 bombs will be detonated. That would be massive. Even the time when BTC wasn't around the terrorist are already making transactions, selling diamonds and all the stuff for the weapons they want. Much like a procurement to a shadow company who will send these bombs to them, its hard to trace the money trail that it could take months to years but all they have are still theories. With BTC, its tx is a pure trail.
For the first time a IS terror attack planned for execution is related to bitcoin. Couple have been arrested in Delhi, and on investigation the funding process happening through bitcoin is found. On further back tracking it was from a women from UK sending funds to the respective wallet. The attack has been planned to be executed in fourteen places at once. Already the government has been opposing the usage of cryptocurrency. Now this will be an added opportunity to stop usage of cryptocurrencies.
Source : Bitcoin to Fund Terror
Terrorist use bitcoin so we need to ban bitcoin so if fiat used by them can government ban the fiat money which is printed by them?Source : Bitcoin to Fund Terror
Government should oppose the terror activities and need to find the root that is the good way to handle this issue.
usually, after there's bad news about bitcoin, mainstream media will explain what is bitcoin, the price, etc.
but I hope it won't leave a bad impression about bitcoin in India.
in 2015, there was a bomb terror at a well-known mall in my country. the terrorist wanted 300 BTC to the mall.
the bomb exploded and became big news on media.
it wasn't related to something related to religion.
it just a one-man-show terror with poor economic background.
also, I read that 1 week later, the mall sent him $50 in bitcoin. lol
but I hope it won't leave a bad impression about bitcoin in India.
in 2015, there was a bomb terror at a well-known mall in my country. the terrorist wanted 300 BTC to the mall.
the bomb exploded and became big news on media.
it wasn't related to something related to religion.
it just a one-man-show terror with poor economic background.
also, I read that 1 week later, the mall sent him $50 in bitcoin. lol
Use of bitcoin can be bad, but it does not mean that it should be banned. Earlier in India, terrorists were financed in dollars. Shouldn't dollar currency be banned? Not at all, because there is no fault of any currency in this, but it depends on the people how they use it. However, I have been hearing about the crypto ban in India for a few months. I think the Indian government will not let this opportunity go by hand.
For the first time a IS terror attack planned for execution is related to bitcoin. Couple have been arrested in Delhi, and on investigation the funding process happening through bitcoin is found. On further back tracking it was from a women from UK sending funds to the respective wallet. The attack has been planned to be executed in fourteen places at once. Already the government has been opposing the usage of cryptocurrency. Now this will be an added opportunity to stop usage of cryptocurrencies.
Source : Bitcoin to Fund Terror
Oh, please. If terrorists use dollars it's totally fine and people still use dollars, but if they use Bitcoin, it's money for crime and this money should be condemned? Double standard is what it is. Money shouldn't be judged by such occasions of it being used for illegal activities because otherwise there won't be any money (because all of it is used for illegal activities). It's a logical fallacy to transfer our feelings about the event to the kind of money that was used to help this event. Terrorists are bad. They use Bitcoin, ergo, Bitcoin is bad - this is not how this works! Source : Bitcoin to Fund Terror
The news is just too little information about what the NIA had uncovered from this guy named Sami. What lame reporting is this but it's been on their page because it's related to BTC. The NIA caught him last March 8 and all they've come up with was mainly shedding BTC as terrorist currency. If India will just for once decide to ban BTC, they can do it all the way and stop the operation of Wazirx but they don't.
I feel bad for India having Bitcoin getting less likely be available for the public. Indian government is known to have a love-hate relationship with Bitcoin and this just serves as a nail in the coffin. It could have been the final nail if the attack was not thwarted.
Now that they have this other bad news, I'm sure those who oppose Bitcoin in their country will not let this thing slide and will take advantage of if to further hate the idea of using Bitcoin as a form of payment in their country. let alone that, banning Bitcoin again will be the case this time because of this incident. However, if the majority of the officials who don't let that happen will find some way to resolve this, it will be erased from the mind of people soon.
Clickbait title
1) There had been no attack, it was a plan to do something and no certainty that they would have carried it
2) There has no proof of any bitcoin funding they have just discussed the possibility of sending funds through bitcoin and shared addresses.
But what's done is done, the newspaper got its clicks, the authors are now sure everything bitcoin-related will trigger a lot of attention, so expect more to come, as what we had till now was not enough..
1) There had been no attack, it was a plan to do something and no certainty that they would have carried it
Quote
Sami, 36, and his wife Hina Bashir were arrested in Delhi on March 8 for allegedly planning to carry out attacks in India
2) There has no proof of any bitcoin funding they have just discussed the possibility of sending funds through bitcoin and shared addresses.
Quote
“She had given her Bitcoin wallet address to Sami and requested him to deposit money in that account. He had asked his associates to deposit funds in this wallet address,” reads the NIA charge sheet, which HT has reviewed.
He also got in touch with a Libya-based IS operative who possessed an ID ‘Sech Tech’, to discuss arranging funds through “blockchain technology”.
He also got in touch with a Libya-based IS operative who possessed an ID ‘Sech Tech’, to discuss arranging funds through “blockchain technology”.
But what's done is done, the newspaper got its clicks, the authors are now sure everything bitcoin-related will trigger a lot of attention, so expect more to come, as what we had till now was not enough..
Let's be honest here. As much as I agree we should have a legal framework against illicit activity, these really seem like patterns and excuses to me.
That is exactly the issue, having a legal framework for cryptocurrencies is I think necessary, obviously I would like to use my money in any way I want but since governments make the laws I can understand that if you wan to move your money to the fiat system they control then some kind of regulation needs to be in place, however the regulations that are put in place are protectionist of fiat currencies.Already the government has been opposing the usage of cryptocurrency. Now this will be an added opportunity to stop usage of cryptocurrencies.
Ah, can they start opposing the usage of fiat as well already then? And then politicians use arguments like cryptocurrencies are bad because they can be used for criminal activity and should be completely banned when we know the same happens with fiat currencies, but they make those arguments because they know that people will buy them and that is one of the reasons a part of the community just does not care about the regulations they impose because they are prohibitive in nature.
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