French police arrest terror financing ring that used Bitcoin coupons - page 3.

Rengga Jati

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This s a crime, whatever the currency used, it is not the fault of the currency, but the people do.

I agree with this:

Quote from: bitmover on September 30, 2020, 12:10:09 PM

-snip-

If we blame Bitcoin or other cryptocurrencies because they are used for any crimes, so we should also blame other currencies used for it. If they talk that BTC is easy to be used for any crimes, let's compare how much currency is also used for those crimes.
So, what is the point? The criminals will always do everything and use everything to support and soften their ways of crimes.

In this case, I still have no idea when there are people that hate BTC because it is used for crimes. Here, note for people who still hate BTC because it is used for crimes (as they think):
1. You do not know how BTC can change everyone's life
2. BTC has value, more than what you think, that is why we love it.
3. BTC is something very worthy, you may not know how we can earn profits form it
4. You consider if BTC is used for crimes, you know, you will always think so if your mind is limited in one small box only.
5. Cryptocurrency is also about technology, you may not be able to follow the development if you hate them.
And many other reasons again.

blockman

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Another reason for non-bitcoiners to give their opinion that bitcoin is just used for things like this.

Quote from: bitmover on September 30, 2020, 12:10:09 PM

Bitcoin is a currency.
Any currency can be used for evil means.

Dont terrorists and drug dealers use USD as well?
Bitcoin is just a currency.

If the discussion goes for bitcoin, all they think is that it's all and pure evil. They will not think that having hard cash can also be used for funding even before the invention of bitcoin. There is prejudice if the news is describing bitcoin as it's not a money for everyone.

dothebeats

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It’s funny that terrorists and fraudsters choose bitcoin as a currency to save their asses only to be nabbed and jailed afterwards. ‘Hiding in plain sight’ or using fiat to launder money and circulate it on all fronts have always been the best way to do it, and law enforcement won’t suspect a thing as long as the transfers and the networks are smoothly planned.

They do not learn. Bitcoin is never a safe currency when you’re doing something this big and bad due to its openness to the public. They might have met a few successes on what they do, but after some time they’ll get caught, and look at where they are right now. Good thing those outlets noticed something strange.

avikz

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Quote from: bitmover on September 30, 2020, 12:10:09 PM

Bitcoin is a currency.
Any currency can be used for evil means.

Dont terrorists and drug dealers use USD as well?
Bitcoin is just a currency.

True! But bitcoin is little extra special than any central bank issued currencies - even you know that fact! So there is no denying of the fact that bitcoin has given extra power to these terrorist outfits or drug dealers to continue their shady deals with extra ease because bitcoin is pseudo-anonymous in nature! Silkroute was one of its biggest beneficiaries!

While it's a fact that bitcoin is just a currency, it is also a fact that bitcoin makes the financial transactions easier for such miscreants. Banking channel is highly monitored around the world so crypto has now become their ideal choice as majority of the illegal incidents that we see around the world, has some association with bitcoin. Also it is a fact that bitcoin has nothing to with it because people can use bitcoin as per their own will. But such kind of associations definitely takes a dig at its reputation. Sad but true!

bitmover

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Bitcoin is a currency.
Any currency can be used for evil means.

Dont terrorists and drug dealers use USD as well?
Bitcoin is just a currency.

fiulpro

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I do believe these kind of people don't understand a simple thing " Bitcoins was made for the people so that they can finally get away from the oppression of big companies and the government itself, thud if they do any harm to the image of bitcoins , they are not gaining profit in any way , nor they are causing problems for anyone , but for them "

These kind of people cannot even appreciate an invention that was made for the people to gain some power. Especially associating bitcoins with terrorism is beyond irreparable.

This is why government wants everyone to do KYC and such even for the most private wallets !

TrevorS

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The terror financing ring reportedly bought cryptocurrency coupons in licensed tobacco shops across France.

A large goup of accomplaces allegedly financing a jihadist network in Syria have been arrested after a sting operation by French police — despite choosing cryptocurrency coupons in an attempt to cover their tracks.

In a statement, police said that "constant surveillance of these networks prompted terrorist organisations to seek more opacity by using cryptocurrencies such as Bitcoin," as reported on Sept. 30.

Since 2019, the 29 accomplices have allegedly been supporting the operations of an Al-Qaeda affiliate terror organization, called “Hayat Tahrir Al-Sham.”

The network’s architects are reportedly two French jihadists in their mid-20s, who are both thought to be in northeastern Syria at present. Both were sentenced to 10 years in prison in absentia in 2016.

The 29 members of the network were busted after being caught purchasing cryptocurrency coupons worth between 10 and 150 euros each ($12–$176) on multiple occasions in recent months from tobacco outlets across France.

https://cointelegraph.com/news/french-police-arrest-terror-financing-ring-that-used-bitcoin-coupons

Topic: French police arrest terror financing ring that used Bitcoin coupons - page 3. (Read 504 times)