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Topic: Is bitcoin being used for illegal activities - page 81. (Read 139748 times)

sr. member
Activity: 294
Merit: 250
maybe not only bitcoin but fiat being used for illegal activities , but people will prefer on bitcoin because from it's anonymity
I agree but it's still a thing of people are using it to buy drugs and weapons and other bad items to do it under the sight of the government, i have a feeling a Certain Country is doing such a thing...Crazy? lol
legendary
Activity: 1554
Merit: 1054
Yes it is used for some criminal activities but what people already said about this is that you can ask yourself the question which currency is not right ?
I think that every currency is indeed used for criminal activities.
I think criminals use it because of the anonymity that bitcoin offers. You are right because people find way to harm others with bogus mind even with any currency or really anything. They even use water for making various hazardous things, so lets stop drinking it ?
newbie
Activity: 37
Merit: 0
maybe not only bitcoin but fiat being used for illegal activities , but people will prefer on bitcoin because from it's anonymity
newbie
Activity: 84
Merit: 0
Not necessarily. It can bring positive changes in the society too. Brings social as well as individual development in the society. Bitcoin is also one of the best measure to reduce poverty in the world. Everyone can be independent too.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
Every good thing can also be used for bad things and so can Bitcoin. Like the fiat money, Bitcoin is also used for money laundering, buying drugs and weapons, child pornography. I think that you all have heard for Silk Road and similar markets where Bitcoin is used for illegal stuff.
hero member
Activity: 574
Merit: 500
Yes, we using bitcoin to gambling. That means it is illegal only right. In many country gambling is illegal so if we used this coins for gaming means it is equal to bitcoin is being used for illicit activities only. Not everyone some people may use it for online shopping, so this is not illegal. But this cryptocurrency is more used for illegal activites.

This crypto-currency is and has been used for illegal activities because it is "untraceable" in the money circulation and that's what the issue is, people can use it for worse rather than better because of it's principles.

Although some may use it for the worse, a lot use it for the bettering.
sr. member
Activity: 420
Merit: 250
Yes, we using bitcoin to gambling. That means it is illegal only right. In many country gambling is illegal so if we used this coins for gaming means it is equal to bitcoin is being used for illicit activities only. Not everyone some people may use it for online shopping, so this is not illegal. But this cryptocurrency is more used for illegal activites.
here in internet gambling is not illegal  Grin its up to you if you want to try gambling to lose some bitcoins , but i suggest if the one who read this wants to try gambling for fun and earn some profit try to invest then if you have small profit withdraw your balance that you invest and play gambling using your profit.
hero member
Activity: 2534
Merit: 605
Do you know countries that forbid buying and using BTC by law?
Thanx.
Iceland, Bolivia, Ecuador, Kyrgyzstan and Vietnam are currently the countries that has passed a law to ban bitcoin in their country.
Russia once banned bitcoins too but they remove that ban and it resulted to a sudden increase of russian bitcoin users.
Thanx for the answer. Actually btc can be used for money laundering operations, isn`t it?

Yes it can be used to make black money to white as well and its very popular currency used in dark deep web ! But it is all depending upon the user how they wanna use it weather for good or bad same as fiats.
newbie
Activity: 32
Merit: 0
Do you know countries that forbid buying and using BTC by law?
Thanx.
Iceland, Bolivia, Ecuador, Kyrgyzstan and Vietnam are currently the countries that has passed a law to ban bitcoin in their country.
Russia once banned bitcoins too but they remove that ban and it resulted to a sudden increase of russian bitcoin users.
Thanx for the answer. Actually btc can be used for money laundering operations, isn`t it?
hero member
Activity: 910
Merit: 1000
Yes, we using bitcoin to gambling. That means it is illegal only right. In many country gambling is illegal so if we used this coins for gaming means it is equal to bitcoin is being used for illicit activities only. Not everyone some people may use it for online shopping, so this is not illegal. But this cryptocurrency is more used for illegal activites.
full member
Activity: 196
Merit: 100
i have no idea about this but i think being currency like other currencies. they may be used for both good and bad activities,
Yes you are right. Money is a means of payment, they can not be good or bad.
While one can see only what Bitcoin gradually penetrates into the various spheres of life. He himself is neutral, as any means of payment.

If you declare a Bitcoin out the law of the same number of criminals will not decrease, it is necessary to learn how to deal with it, the crypt has to be the most important financial instrument in the future.
sr. member
Activity: 294
Merit: 250
i have no idea about this but i think being currency like other currencies. they may be used for both good and bad activities,

Yeah definitely. Bitcoin is used for illegal activities but find a currency that is not used for illegal activities. There are none that you can find in my opinion. Cash is used for illegal activities as well.

It's the people who decide to use their currency for bad purposes, not BTC.
full member
Activity: 238
Merit: 100
i have no idea about this but i think being currency like other currencies. they may be used for both good and bad activities,
sr. member
Activity: 364
Merit: 250
Yes it is used for some criminal activities but what people already said about this is that you can ask yourself the question which currency is not right ?
I think that every currency is indeed used for criminal activities.
hero member
Activity: 518
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 know some illegal activities that includes bitcoins, Like in darkweb. They are using bitcoin as their payments to the bought drugs, guns, or something illegal their
There will always be those who would find ways to obtain what they want. It is just that they found out that bitcoin is another instrument that can be used to anonymously purchase stuff that are considered illegal. The same goes with the fiat. So it is not only bitcoin that's being used for shady activities and transactions.
hero member
Activity: 630
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 know some illegal activities that includes bitcoins, Like in darkweb. They are using bitcoin as their payments to the bought drugs, guns, or something illegal their
hero member
Activity: 658
Merit: 500
Off course if bitcoin used for illegal activities that is not strange. Because you can see it as black money how could someone go after your money if it is just bitcoin.
Yeah it was reasonable when the currency was giving the facilities are perfect for anonymous transactions. so do not be surprised if bitcoin used for illegal activities. I often used to see bitcoin currency or payment method to purchase carding tools or goods of  carding.
legendary
Activity: 2170
Merit: 1427
I watched some video when I'm studying about btc, that it used in illegal drugs

Everything with value is being used as "currency" when it comes to drugs, weapons and other illegal stuff. It can be Gold, BTC, Prepaid debit cards, cash money, paintings, etc.
hero member
Activity: 490
Merit: 500
Off course if bitcoin used for illegal activities that is not strange. Because you can see it as black money how could someone go after your money if it is just bitcoin.
yeah I also can not say it was strange. I mean bitcoin has been very popular with amenities very closed and secretive. so do not be surprised if bitcoin used as an illegal black market.
but I never saw firsthand that transaction?
hero member
Activity: 1148
Merit: 527
Do you know countries that forbid buying and using BTC by law?
Thanx.
Iceland, Bolivia, Ecuador, Kyrgyzstan and Vietnam are currently the countries that has passed a law to ban bitcoin in their country.
Russia once banned bitcoins too but they remove that ban and it resulted to a sudden increase of russian bitcoin users.
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