Without any doubt, bitcoin is used for illegal activities. There's no reason why not. Any currency can be used for illegal activities, be it dollars, euro, etc. As long as it's money, you have no idea where it came from. The penny that you're holding right now might be from a drug dealer, serial killer, etc.
In the dark net, bitcoin is widely used because of the anonymity privileges it has. They can transfer it to their bank accounts without having any trace that the bitcoin they have was acquired by doing illegal stuffs.
Topic: Is bitcoin being used for illegal activities - page 71. (Read 139748 times)
I would say that because of its anonymity, bitcoin can be used in illegal activities. The regulatory bodies are strict in checking the transactions if it involves money laundering and the like in banks and other exchanges and they can easily trace the people in that particular transaction but in bitcoin, they will only know the address not the people involved so I think criminals will prefer to use bitcoin.
I would have to agree and say it is involved on the same way any form of currency is, the majority of news about bitcoin tells us as much.
Yes news about bitcoin about it being used in nefarious illegal activities. It is a negative impact on bitcoin, instead of promoting it people will say that bitcoins are criminals money. But we cannot deny the fact that before bitcoins are enjoyed by surface web users it was the primary currency used in the darknet before the price even goes up.
I think the would'nt banned the Bitcoins but the would strengthen their securities or rules/regulation about buying some stuffs using bitcoins or doing some illegal activities which involves the bitcoins
a big YESSSS. hahaha. i think satoshi nkamoto main purpose in creating bitcoin is illegal because bitcoins main feature is being anonymous and easy to use by the underground market. you will notice that btc is the currency used in deep web especially on illegal drugs and hitman section
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Yes bitcoin is used on illegal activities and im not surprise by it. Bitcoin is used cause bitcoin transaction can be anonymously sent, No proof will be get if a conflict happen. It is often use on darknet/deepweb/blackmarket.But bitcoi can use in good things too. By donating on a charity anonymously too
Lol I guess bitcoin is already been used for illegal activities long time ago since the bitcoin spreaded to some countries and become a first decentralized peer-to-peer payment method it is most used on the darkweb's blackmarket like what i've saw before when didn't anything about bitcoin yet . And maybe it is used for illegal activities even when outside deepweb/darkweb maybe on the normal web also .
yeah, but not all the content in deepweb/darkweb is illegal, you can do some research for your homework or thesis the content in deepweb is very true not like here in normal web the other are fake.we don't know what the purpose of each transactions right? bitcoin is perfect for this
for illegal activities,i know many people who actually do that,and they earn insanely good money.
Lol I guess bitcoin is already been used for illegal activities long time ago since the bitcoin spreaded to some countries and become a first decentralized peer-to-peer payment method it is most used on the darkweb's blackmarket like what i've saw before when didn't anything about bitcoin yet . And maybe it is used for illegal activities even when outside deepweb/darkweb maybe on the normal web also .
yeah, but not all the content in deepweb/darkweb is illegal, you can do some research for your homework or thesis the content in deepweb is very true not like here in normal web the other are fake.we don't know what the purpose of each transactions right? bitcoin is perfect for this
for illegal activities,i know many people who actually do that,and they earn insanely good money.
Lol I guess bitcoin is already been used for illegal activities long time ago since the bitcoin spreaded to some countries and become a first decentralized peer-to-peer payment method it is most used on the darkweb's blackmarket like what i've saw before when didn't anything about bitcoin yet . And maybe it is used for illegal activities even when outside deepweb/darkweb maybe on the normal web also .
yeah, but not all the content in deepweb/darkweb is illegal, you can do some research for your homework or thesis the content in deepweb is very true not like here in normal web the other are fake.we don't know what the purpose of each transactions right? bitcoin is perfect for this
Anything of value can be use to trade for goods or services that is illegal. Bitcoins is not the problem, it's the criminals who use itbut as stated before "the number of criminals that use bitcoin is so low that it is not even comparable to the number of criminals using fiat.It probably is being used for illegal activity.But you know fiat money is also getting used for illegal activity.
I dont think so actually.I think the % of usage of bitcoin to an illegal activities is really high,because it provides anonymousness.
And we have a lot of dark market etc.i think you are not right,btw fiat money have to be used for illegal activities,its obvious lol
Anything of value can be use to trade for goods or services that is illegal. Bitcoins is not the problem, it's the criminals who use itbut as stated before "the number of criminals that use bitcoin is so low that it is not even comparable to the number of criminals using fiat.It probably is being used for illegal activity.But you know fiat money is also getting used for illegal activity.
I think it's not going to be too long before Bitcoin gets regulated worldwide. I imagine that soon all exchanges will require that users verify their identities before they're able to trade.
Coinbase and Bitstamp already have verification procedures in place but most of the smaller ones still allow people to use their services anonymously. The EU has already started down that road:
http://www.coindesk.com/european-union-proposes-tighter-bitcoin-controls-panama-papers-response/
Coinbase and Bitstamp already have verification procedures in place but most of the smaller ones still allow people to use their services anonymously. The EU has already started down that road:
http://www.coindesk.com/european-union-proposes-tighter-bitcoin-controls-panama-papers-response/
Not even surprised by it. Fiat money has been used for many crimes and illegal activities far longer than bitcoin. Because of bitcoin's pseudo-anonymous nature, fraudsters and criminals use it to carry out their plans and extort some money out of people. Or, it can be used on illegal drug trades on the dark web. Bitcoin can potentially be used for every sales and trade, so it's not surprising if it's used on such activities.
Fiat money and bitcoin are two other things, fiat money can be located and the criminal can be arrested. because these are centralized and traceable. but in case of bitcoin its decentralized and can not be traceable because it has anonymous.
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
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, bitcoin is being used for so many illegal activities that is why here in our country sooner or later, transaction using bitcoins will be monitored or will be governed by law. Actually I have seen an article regarding the use of bitcoins in illegal activities specially in sportbetting. Because the players can sabotage the game just to win a lot of money in bitcoins. Not only in sportsbetting but also by transacting to buy Illegal drugs which is strictly prohibited.
Not even surprised by it. Fiat money has been used for many crimes and illegal activities far longer than bitcoin. Because of bitcoin's pseudo-anonymous nature, fraudsters and criminals use it to carry out their plans and extort some money out of people. Or, it can be used on illegal drug trades on the dark web. Bitcoin can potentially be used for every sales and trade, so it's not surprising if it's used on such activities.
Because of bitcoins anonymity, it enables itself to be used for the potential for much criminal activity. If you cant trace a crime to the criminal then the criminals won because it would be impossible to know whom is to bear the consequences and justice for whatever crime committed.
Not even surprised by it. Fiat money has been used for many crimes and illegal activities far longer than bitcoin. Because of bitcoin's pseudo-anonymous nature, fraudsters and criminals use it to carry out their plans and extort some money out of people. Or, it can be used on illegal drug trades on the dark web. Bitcoin can potentially be used for every sales and trade, so it's not surprising if it's used on such activities.
Lol I guess bitcoin is already been used for illegal activities long time ago since the bitcoin spreaded to some countries and become a first decentralized peer-to-peer payment method it is most used on the darkweb's blackmarket like what i've saw before when didn't anything about bitcoin yet . And maybe it is used for illegal activities even when outside deepweb/darkweb maybe on the normal web also .
yeah, but not all the content in deepweb/darkweb is illegal, you can do some research for your homework or thesis the content in deepweb is very true not like here in normal web the other are fake.yeah but i think the darkweb is on the another cathegory , i guess all content on the darkweb are illegal as we can understand it is called the Dark-Web . i agree that you can do some research but it is on the deepweb because all of the secret things are inside of that i guess all content on the deeweb are true and not just a hoax .
Bitcoin is used for criminals activities, PayPal is used by criminals, I honestly do not care about this at all.
There will always be such people that are using a currency.
We cannot do anything about it and I think that its also why we have to ignore it..
There will always be such people that are using a currency.
We cannot do anything about it and I think that its also why we have to ignore it..
Its true, no matter what criminals can find a way to use anything for illegal purposes. Careful not to ignore it like its not worth acknowledging, by being aware we can heighten our own security against criminals. Im sure many brush aside the fact that they could be potential targets for these people, and dont take the precautions in securing their accounts with 2FA or email confirmation.
Bitcoin is used for criminals activities, PayPal is used by criminals, I honestly do not care about this at all.
There will always be such people that are using a currency.
We cannot do anything about it and I think that its also why we have to ignore it..
There will always be such people that are using a currency.
We cannot do anything about it and I think that its also why we have to ignore it..
You can do something about, and ppl are starting doing something about it by tracking and de-anonymizing bitcoin txs:
https://www.engadget.com/2016/07/06/startups-seek-to-de-anonymize-bitcoin-to-fight-crime/
http://www.coinfox.info/news/5867-blockchain-to-help-tracking-child-porn-consumers
Bitcoin is used for criminals activities, PayPal is used by criminals, I honestly do not care about this at all.
There will always be such people that are using a currency.
We cannot do anything about it and I think that its also why we have to ignore it..
There will always be such people that are using a currency.
We cannot do anything about it and I think that its also why we have to ignore it..
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