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Topic: Is USD being used for illegal activities? - page 12. (Read 20141 times)

full member
Activity: 618
Merit: 154
September 06, 2017, 04:30:25 AM
I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like /2012/12/06/opinion/branson-end-war-on-drugs/]the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.
 
Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?
Sure, it is being used for a lot of illegal activities since it is money people base on that and use it to pay for illegal goods and services both offline and online
legendary
Activity: 1190
Merit: 1002
September 02, 2017, 11:43:05 AM
I don't think there's any currency in the world  that has not been used for illegal activities. Although It depends on the type of illegal activities or business in which you are referring to.
Well you may be right. You never know what is going on under the tables. But as far as Bitcoin is concerned, we have never seen any such event which is reported which gives us the proof that Bitcoin Is being used in any sort of illegal activities.

It may not be on the news but i think people doing illegal activities are thay dumb not to see how bitcoin's anonymity can make their lives easier. It's probably being used for a few years now

Bitcoins was born to do the illegal activity but when the FBI cleared the silk route they got this coin and technology and then it came to the open public which some software engineers started to use it and today it is creating a big revolution in the currency world. As the owner of the transaction cannot be recognized due to decentralized technology Bitcoin became more famous for illegal activities
hero member
Activity: 1246
Merit: 529
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September 02, 2017, 11:18:49 AM
I don't think there's any currency in the world  that has not been used for illegal activities. Although It depends on the type of illegal activities or business in which you are referring to.
Well you may be right. You never know what is going on under the tables. But as far as Bitcoin is concerned, we have never seen any such event which is reported which gives us the proof that Bitcoin Is being used in any sort of illegal activities.

It may not be on the news but i think people doing illegal activities are thay dumb not to see how bitcoin's anonymity can make their lives easier. It's probably being used for a few years now
full member
Activity: 420
Merit: 100
September 01, 2017, 04:35:39 AM
Every currency is used for illegal activities. With money we can buy good or bad things, it depend from what kind of person someone is. American dollar is currency is most strongest in the world, big nation, many corporation and businesses are finished with dollars. So it'snot strange that dollar is used for illegal things.
People will never stop to use currencies for illegal activities. Too many people wish to be rich without work, on easy and fast way.

You are right.  It is not new if usd are being used for illegal purposes and It is not important also if it is usd or not as long as it is currency that maybe used for every illegal activities.
hero member
Activity: 644
Merit: 500
September 01, 2017, 04:18:39 AM
I think every currency is used for illegal actvities, even cryptocurrency is being used for that reason.  I think this usage, as been for a long time, so it won't affect badly on the currencies. USD is one of the most powerful fiat, and it is more and more regulated to find these activities. Some of these happen,some might be made by big guys in their countries, so nobody can do anything about it.
That’s the dilemma that each and every currency is used for illegal purposes no matter how safe and secure it is presented to the world. USD is again just a currency and definitely is used by evil minds in smuggling etc. we can never blame currencies for wrong activities. All fault lies on our shoulders.
You are right and this is what the actual dilemma is. You can never blame the technology but the one who is using that technology. It might be possible that Bitcoin is being used for some sort of illegal activities but so far we didn’t come across any such news.
legendary
Activity: 1176
Merit: 1016
I don't think there's any currency in the world  that has not been used for illegal activities. Although It depends on the type of illegal activities or business in which you are referring to.
Well you may be right. You never know what is going on under the tables. But as far as Bitcoin is concerned, we have never seen any such event which is reported which gives us the proof that Bitcoin Is being used in any sort of illegal activities.
hero member
Activity: 2954
Merit: 672
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I think every currency is used for illegal actvities, even cryptocurrency is being used for that reason.  I think this usage, as been for a long time, so it won't affect badly on the currencies. USD is one of the most powerful fiat, and it is more and more regulated to find these activities. Some of these happen,some might be made by big guys in their countries, so nobody can do anything about it.
That’s the dilemma that each and every currency is used for illegal purposes no matter how safe and secure it is presented to the world. USD is again just a currency and definitely is used by evil minds in smuggling etc. we can never blame currencies for wrong activities. All fault lies on our shoulders.
USD is popular therefore we can expect there are people who are using it for illegal activities and that is already beyond our control.
We have the government agency who are in charge to prevent or arrest people who are into illegal activities.
Bitcoin and altcoins are popular now so they might also use this for illegal activities.
sr. member
Activity: 994
Merit: 256
I think every currency is used for illegal actvities, even cryptocurrency is being used for that reason.  I think this usage, as been for a long time, so it won't affect badly on the currencies. USD is one of the most powerful fiat, and it is more and more regulated to find these activities. Some of these happen,some might be made by big guys in their countries, so nobody can do anything about it.
That’s the dilemma that each and every currency is used for illegal purposes no matter how safe and secure it is presented to the world. USD is again just a currency and definitely is used by evil minds in smuggling etc. we can never blame currencies for wrong activities. All fault lies on our shoulders.
sr. member
Activity: 476
Merit: 250
I think every currency is used for illegal actvities, even cryptocurrency is being used for that reason.  I think this usage, as been for a long time, so it won't affect badly on the currencies. USD is one of the most powerful fiat, and it is more and more regulated to find these activities. Some of these happen,some might be made by big guys in their countries, so nobody can do anything about it.
sr. member
Activity: 364
Merit: 250
I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.
 
Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?

Actually, I'm pretty sure that ALL of the currencies in the world are being used in illegal activities. Most criminals opt to use USD because it is considered global money. And amywhere you go usd have great value and is accepted in every countries. But really, even the currency that has lowest exchange rate for other currencies are being used illegally. Say for example we are in the China. If one breaks into a convenience store he'll probably get a bunch of Yuans there and not a single usd.
sr. member
Activity: 1330
Merit: 291
I don't think there's any currency in the world  that has not been used for illegal activities. Although It depends on the type of illegal activities or business in which you are referring to.
sr. member
Activity: 616
Merit: 252
All fiat currencies are used for legal and illegal activities.  Same will be the case for crypto.  As for the US dollar, I am not certain it is the world power it once was.  US is bankrupt.

Whatever the currency is as long as it can be used to buy and sell then it can be used for legal or illegal activities. People will always find a way to earn may it be legal or illegal and whatever type or mode of exchange like fiat, crypto or even precious metals as payment as long as they can exchange it to something they can use for transactions. USD has been a global currency that's why it is mostly used but then any currency will do as well.
full member
Activity: 940
Merit: 105
All fiat currencies are used for legal and illegal activities.  Same will be the case for crypto.  As for the US dollar, I am not certain it is the world power it once was.  US is bankrupt.
true, it's just been done covertly so as not to get caught by the public. But, still so many are caught for using money illegally in their respective countries. Well, that's a bad behavior to follow.
Bad but inevitable for many! Many people are using illegal methods for making more money and to start these businesses, definitely they make investments. USD is nothing different than any other currency. They are used secretly for illegal purposes like smuggling, human trafficking etc.
It's not the tool but on the people who are using it, with the people who have bad interest they will use USD because it has a value.A
Any currency that has a value can be used for illegal activities and even bitcoin or crypto currencies which is hard to trace.

Every currency and commodity are used illegally. But unlike commodity and tokens (cryptos) fiat has a higher chance of being tracked.
An eg. can be recent note ban in India. But they can't ban gold or bitcoin.
legendary
Activity: 1092
Merit: 1000
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All fiat currencies are used for legal and illegal activities.  Same will be the case for crypto.  As for the US dollar, I am not certain it is the world power it once was.  US is bankrupt.
true, it's just been done covertly so as not to get caught by the public. But, still so many are caught for using money illegally in their respective countries. Well, that's a bad behavior to follow.
Bad but inevitable for many! Many people are using illegal methods for making more money and to start these businesses, definitely they make investments. USD is nothing different than any other currency. They are used secretly for illegal purposes like smuggling, human trafficking etc.
It's not the tool but on the people who are using it, with the people who have bad interest they will use USD because it has a value.A
Any currency that has a value can be used for illegal activities and even bitcoin or crypto currencies which is hard to trace.
hero member
Activity: 1022
Merit: 538
All fiat currencies are used for legal and illegal activities.  Same will be the case for crypto.  As for the US dollar, I am not certain it is the world power it once was.  US is bankrupt.
true, it's just been done covertly so as not to get caught by the public. But, still so many are caught for using money illegally in their respective countries. Well, that's a bad behavior to follow.
Bad but inevitable for many! Many people are using illegal methods for making more money and to start these businesses, definitely they make investments. USD is nothing different than any other currency. They are used secretly for illegal purposes like smuggling, human trafficking etc.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
All fiat currencies are used for legal and illegal activities.  Same will be the case for crypto.  As for the US dollar, I am not certain it is the world power it once was.  US is bankrupt.
true, it's just been done covertly so as not to get caught by the public. But, still so many are caught for using money illegally in their respective countries. Well, that's a bad behavior to follow.
full member
Activity: 126
Merit: 100
Ⓚ Kore Projects CTO Ⓚ
All fiat currencies are used for legal and illegal activities.  Same will be the case for crypto.  As for the US dollar, I am not certain it is the world power it once was.  US is bankrupt.
hero member
Activity: 910
Merit: 512
Of course it is used, but they prefer cash rather than through bank transfer. Through a bank transfer it is very easy to track, and a suitcase of cash is difficult to find.
Yes only a dumb can use banks for illegal purposes. All drug dealers and other criminals who are involved in smuggling, money laundry etc use to carry cash and the reason is very obvious and same that you have discussed. USD like other paper money is excessively used in illegal works.
staff
Activity: 1316
Merit: 1610
The Naija & BSFL Sherrif 📛
all money are being use on illegal activity not just US dollars .even gold trade for drugs and guns. and bitcoin and crypto currencies if this is use on illegal activity it is all most invisible . so i think this is hard to track down and use on money laundering so this is why they ban bitcoin in other county
sr. member
Activity: 1974
Merit: 453
A few days back, I read that more than 80% of the funding for the ISIS (in Syria and Iraq) is sourced in the form of US Dollar. Most of the remaining is in the form of other fiat currencies (Turkish Lira, Syrian Pound, Iraqi Dinar.etc) and gold. And even after all this, some people would like to claim that Bitcoin is being used for terrorist funding.
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