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Topic: Is bitcoin being used for illegal activities - page 50. (Read 139746 times)

sr. member
Activity: 406
Merit: 250
Just like dollar is used for both legal and illegal activities, Bitcoin is also used. It is a digital currency and so we cannot control for what it is used for.
Yes not only dollar or bitcoins,any form of money is always being used for illegal activities from bad peoples in our society and bitcoin having a digital currency and because of its features like its anonymous and decentralised,sadly its even more can be used for illegal activities without much of the problem.
hero member
Activity: 1428
Merit: 506
Yes this is possible that bitcoin would be used for illegal activities.
In instance that other users may used it for bad purposes.
Like Hacking bitcoins may used to other people to get rich
easily.
hero member
Activity: 3108
Merit: 577
Leading Crypto Sports Betting & Casino Platform
Just like dollar is used for both legal and illegal activities, Bitcoin is also used. It is a digital currency and so we cannot control for what it is used for.

Not just dollars but as well as the local currencies and as long as there is a financial involvement those illegal activity doers will able to connect their transactions illegally with it. And they are safer now because of bitcoins anonymity and they are liking it because they are not be able to be traced when they transacted to some merchants.
hero member
Activity: 742
Merit: 500
Just like dollar is used for both legal and illegal activities, Bitcoin is also used. It is a digital currency and so we cannot control for what it is used for.
hero member
Activity: 882
Merit: 500
I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering
i think there are no such type of illegal activities happen with Bitcoin . if it would then all countries will banned the bitcoin use totally . but i think bitcoin csn never go hurt with some onky speek or write post .
hero member
Activity: 1302
Merit: 540
I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering
yes there are some Bad people in the world who kept doing illegal activities . but i think if government will try to take to control with identity then there will be violation of privacy of bitcoin user and then bitcoin will became a simple payment system of money .
and bitcoin is not been build to be like that, we just needed to understand currency is currency so whatever people use it responsibilites is on them and bitcoin is currency so which way it is it should not be blame it is just serving its purposes.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering
yes there are some Bad people in the world who kept doing illegal activities . but i think if government will try to take to control with identity then there will be violation of privacy of bitcoin user and then bitcoin will became a simple payment system of money .

It would take time for sure hence bitcoin transaction are anonymous and  government would have the hard   time  to track  fo those  person  who made illegal transactions, thats  why bitcoin  is commonly used   when doing illegal activities because they  could able to hide their  identity to avoid or escape from authorities.
hero member
Activity: 882
Merit: 500
I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering
yes there are some Bad people in the world who kept doing illegal activities . but i think if government will try to take to control with identity then there will be violation of privacy of bitcoin user and then bitcoin will became a simple payment system of money .
newbie
Activity: 7
Merit: 0
Yes. It it being used for illegal activities; but, so is real physical currencies.
legendary
Activity: 994
Merit: 1000
yeah bitcoin can be use legal activity and we can not use bitcoin for illegal activity because bitcoin is very modern currency and there is illegal thing are not available for bitcoin so bitcoin is very useful currency and people adopting bitcoin in huge amount.
Bitcoin can be used or are being used for purchasing different illegal items like guns and drugs from dark web. Bitcoin is modern currency for sure with greater security as you have said however as bitcoin provide greater anonymity and privacy it has been a way for hackers/criminals to run away without being traced down. But not only bitcoin many other types of payment processors or even hard cash are being used for illegal activities.
sr. member
Activity: 251
Merit: 250
All types of money will be used for some sort of illegal activities at some point in its life.
It could be as simple as purchasing alcohol is a country where it's illegal or buying a kilo of coke.

There is nothing special about illegal goods being purchased with bitcoin, illegal goods have been purchased for decades with fiat cash.
If this trend continues, about any promotion of bitcoin can be no question. If using bitcoin will break the law, then the time will come when the government will look for ways to control cryptocurrency.
hero member
Activity: 952
Merit: 500
I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering
Yes Bro I Agree With You That Bitcoin Is Used For Some Illegal Services Because Bitcoin is Like Real Money Like We Buy Anything Like Drugs With Real Money Then Also Like Real Money We Can Buy Anything Like Drugs With Bitcoins.....
Bitcoin is easy to use in Illegal activities and actually gambling is illegal in other countries but because of bitcoin we can freely gamble and have fun online. That is the best example, and because of that since many gamblers love to enjoy bitcoin is growing fast as a community and as an economy.
full member
Activity: 210
Merit: 100
I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering
Yes Bro I Agree With You That Bitcoin Is Used For Some Illegal Services Because Bitcoin is Like Real Money Like We Buy Anything Like Drugs With Real Money Then Also Like Real Money We Can Buy Anything Like Drugs With Bitcoins.....
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
All types of money will be used for some sort of illegal activities at some point in its life.
It could be as simple as purchasing alcohol is a country where it's illegal or buying a kilo of coke.

There is nothing special about illegal goods being purchased with bitcoin, illegal goods have been purchased for decades with fiat cash.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
Because of the fact that it is impossible to catch criminals using bitcoin, criminal organizations had a desire to take advantage cryptocurrency for money laundering. This information is already out and it localized international police

It's also impossible to catch criminals using cash money, Gold, drugs, etc. All these are being used as currency in the underworld that offer criminals good enough anonymity. It's always Bitcoin that gets pointed at as being the bad guy....
Recently, the application has already been Interpol about the fact that criminals are attempting to make money transfers using bitcoin, but it is a little hard to believe. Most likely it is to take control.

For sure the Interpol is going to hard time to trace those criminals and of course as long as there is money involved the criminals are going to keep on doing this type of illegal trades. And this is already in the circle of deep web that the people there are using bitcoin instead of fiat money so that they are hard to be traced.
sr. member
Activity: 301
Merit: 250
Because of the fact that it is impossible to catch criminals using bitcoin, criminal organizations had a desire to take advantage cryptocurrency for money laundering. This information is already out and it localized international police

It's also impossible to catch criminals using cash money, Gold, drugs, etc. All these are being used as currency in the underworld that offer criminals good enough anonymity. It's always Bitcoin that gets pointed at as being the bad guy....
Recently, the application has already been Interpol about the fact that criminals are attempting to make money transfers using bitcoin, but it is a little hard to believe. Most likely it is to take control.
legendary
Activity: 2170
Merit: 1427
Because of the fact that it is impossible to catch criminals using bitcoin, criminal organizations had a desire to take advantage cryptocurrency for money laundering. This information is already out and it localized international police

It's also impossible to catch criminals using cash money, Gold, drugs, etc. All these are being used as currency in the underworld that offer criminals good enough anonymity. It's always Bitcoin that gets pointed at as being the bad guy....
sr. member
Activity: 284
Merit: 250
Because of the fact that it is impossible to catch criminals using bitcoin, criminal organizations had a desire to take advantage cryptocurrency for money laundering. This information is already out and it localized international police
member
Activity: 92
Merit: 10
Money is used for shady business as well,how does paying Iran to release Hostages not come off as dirty money?
You could turn a currency from nothing and it would have a dirty trail very soon because that is the nature of humans.
We are not all what we claim and what we claim is not always what you see!

Blaming bitcoin is a media smoke screen and should not be taken to seriously,most people that find their way here already realize this point.

Really sure!
Money are just a symbols.
Humans... Oh! It's just a humans...
sr. member
Activity: 240
Merit: 250
I think that bitcoin is a currency that is very hard to trace, or not even possible. Interpol has already dealt with this issue in order to prevent money laundering by criminals.
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