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Topic: Is USD being used for illegal activities? - page 22. (Read 20141 times)

sr. member
Activity: 368
Merit: 266
Yes! Any self respecting currency would be.
legendary
Activity: 1092
Merit: 1000
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Certainly, and you do know for a fact that it is being used heavily in smuggling, theft and other illegal and shady activities--in some cases, the government themselves partake in. Also, illegal activities and whatnot aren't constrained to just USD; even btc is being used for these illegal activities too.

Sure, every currency is being used in illegal activities. It can be bitcoins, USD, euro or any other currency.  Its the people who make use of these currencies in an illegal way and there fore the people should be blamed for that and not the currency itself.
That is always our preference on how we spend our money, we have the freedom so we all have the liberty to spend it, however we need to understand that there are laws when violated will go after us. If you are making illegal activities, expect that any time soon you will be caught and eventually be arrested, there is no perfect crime and it's better to make money in the safest way that a faster way which will compromise your future.
legendary
Activity: 1190
Merit: 1024
Certainly, and you do know for a fact that it is being used heavily in smuggling, theft and other illegal and shady activities--in some cases, the government themselves partake in. Also, illegal activities and whatnot aren't constrained to just USD; even btc is being used for these illegal activities too.

Sure, every currency is being used in illegal activities. It can be bitcoins, USD, euro or any other currency.  Its the people who make use of these currencies in an illegal way and there fore the people should be blamed for that and not the currency itself.
hero member
Activity: 994
Merit: 544
Certainly, and you do know for a fact that it is being used heavily in smuggling, theft and other illegal and shady activities--in some cases, the government themselves partake in. Also, illegal activities and whatnot aren't constrained to just USD; even btc is being used for these illegal activities too.

That is the sad reality that all forms of government must face and accept. There are no government that is existing in this world that is not corrupt. Corruption is rooted in the society and even exists in the family. Illegal activities cannot be also stopped since the runners are government officials and other government personnel who are high in ranks down to the lower ranks. As long as there is evil in society all forms of fiat currency including US dollar is prone to be used in illegal activities.
hero member
Activity: 588
Merit: 500
All the currencies are used for illegal activities especially US dollar as it is the global currency and is accepted world wide irrespective of caste,colour,nation.In india,they tried to ban high value currencies to stop black money and money laundering,but it failed to deliver the results.Preventive steps should be taken to prevent illegal activities and not to ban currencies.
to me i think not only USD but every currency of the world may be use for illegal activities. so we can say that some  criminal people will be using bitcoin for illegla activities. but i think there is no fault of any currency.
hero member
Activity: 2310
Merit: 532
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Welcome to Earth.

Are you kidding? USD (along with every other currency) is just currency. For as long as there have been and will be people doing illegal things, there will be a USD, a EUR, a GBP, a YEN, a YUAN being spent to fund it.
USD is the much used currency for all sort of illegal needs. When bitcoin is compared, the USD used for illegal needs is very huge. Now bitcoin has given an easy access for the illegal needs due to the anonymity as well gambling industry has benefited much through it.
hero member
Activity: 1106
Merit: 637
Welcome to Earth.

Are you kidding? USD (along with every other currency) is just currency. For as long as there have been and will be people doing illegal things, there will be a USD, a EUR, a GBP, a YEN, a YUAN being spent to fund it.
hero member
Activity: 1190
Merit: 525
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All the currencies are used for illegal activities especially US dollar as it is the global currency and is accepted world wide irrespective of caste,colour,nation.In india,they tried to ban high value currencies to stop black money and money laundering,but it failed to deliver the results.Preventive steps should be taken to prevent illegal activities and not to ban currencies.


Yes, every currency is being used for the evil, that is why I think dishonest media should stop saying bad things about Bitcoin. Bitcoin isn't the currency of thieves, it's just a currency used for every kind of things like dollar or any other. The problem is not the money, the problem is not material unanimated things, the problem is the people behavior.
sr. member
Activity: 756
Merit: 253
Well every currency is used for illegal activities .
Thats why every currency should use a blockchain to keep track of all the activites going on all over the world .

Very true and it is not today tgat people started using the US dollars for illegalities. It's been existing but since the blockchain technology was introduced I think the American government is getting concerned about the possibility of bad people using Bitcoin/USD to perpetuate illegality. So it's possible.
sr. member
Activity: 329
Merit: 254
If people are using bitcoin instead of USD to do illegal things then that would put bitcoin in danger now because Donald Trump might seize all the bitcoins.

Really? Can Donald Trumph seize ALL the bitcoin? he has the power to manipulate the decentralize bitcoin? I guess this is impossible to happen mate, I think he can ban btc to their country but not ALL bitcoin world wide, no one can unless it is shut down by the developer.
Trump will never ban Bitcoin because he does not care about advanced technology. I'd rather working with paper than computer. Therefore, Bitcoin will continue to exist in the USA for at least 10 years. I doubt that a government can ban Bitcoin right now because the people will not like this idea very much. There will be protest
i think he will study bitcoin from the core and if he find it as beneficial for them then he will also give good support to bitcoin. we can hope that very soon he will give a good decision about the future of bitcoin.
full member
Activity: 266
Merit: 100
Well every currency is used for illegal activities .
Thats why every currency should use a blockchain to keep track of all the activites going on all over the world .
legendary
Activity: 3542
Merit: 1352
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Certainly, and you do know for a fact that it is being used heavily in smuggling, theft and other illegal and shady activities--in some cases, the government themselves partake in. Also, illegal activities and whatnot aren't constrained to just USD; even btc is being used for these illegal activities too.
legendary
Activity: 3038
Merit: 1024
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If people are using bitcoin instead of USD to do illegal things then that would put bitcoin in danger now because Donald Trump might seize all the bitcoins.

Really? Can Donald Trumph seize ALL the bitcoin? he has the power to manipulate the decentralize bitcoin? I guess this is impossible to happen mate, I think he can ban btc to their country but not ALL bitcoin world wide, no one can unless it is shut down by the developer.
Trump will never ban Bitcoin because he does not care about advanced technology. I'd rather working with paper than computer. Therefore, Bitcoin will continue to exist in the USA for at least 10 years. I doubt that a government can ban Bitcoin right now because the people will not like this idea very much. There will be protest
Are you believing it? I don't believe it. trump can ban the btcoin anytime they want. But I think not for this time because the blockchain system offering the future database for all of the parties. and promising improvements.
sr. member
Activity: 619
Merit: 250
If people are using bitcoin instead of USD to do illegal things then that would put bitcoin in danger now because Donald Trump might seize all the bitcoins.

Really? Can Donald Trumph seize ALL the bitcoin? he has the power to manipulate the decentralize bitcoin? I guess this is impossible to happen mate, I think he can ban btc to their country but not ALL bitcoin world wide, no one can unless it is shut down by the developer.
Trump will never ban Bitcoin because he does not care about advanced technology. I'd rather working with paper than computer. Therefore, Bitcoin will continue to exist in the USA for at least 10 years. I doubt that a government can ban Bitcoin right now because the people will not like this idea very much. There will be protest
legendary
Activity: 1190
Merit: 1024
If people are using bitcoin instead of USD to do illegal things then that would put bitcoin in danger now because Donald Trump might seize all the bitcoins.

Really? Can Donald Trumph seize ALL the bitcoin? he has the power to manipulate the decentralize bitcoin? I guess this is impossible to happen mate, I think he can ban btc to their country but not ALL bitcoin world wide, no one can unless it is shut down by the developer.
hero member
Activity: 2926
Merit: 722
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As we all know that USD is one of the major currency on the world which means it is really important and value is high compared on most currencies which is on commonsense thing that they are definitely used on illegal activities since we do know usd is money and does have value which means anything you can do anything about it either legal or illegal.
full member
Activity: 187
Merit: 100
USD is used for illegal activities of course man, what do you think ? They pay their drugs or prostitutes with a candy ? Remember USD is the most used currency internationnaly to buy/trade anything. When they are dealing, thy don't talk about the price using the Zimbabwe currency !
legendary
Activity: 3010
Merit: 1028
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to avoid illegal actions I prefer USD. because of the movement and spread of currency USD more secure and controlled.
while bitcoin is more risky because it is anonymouse so many people who use it for illegal actions.
It's definitely wrong ffs, USD is far more untraceable than bitcoin which have blockchain and every outgoing transaction was recorded and there's no way to delete this. The USD itself ain't got GPS to detect and there's no way to control it directly. Bitcoin itself doesn't trigger criminality because of its pseudo-anonymous feature but the criminality itself take advantage of bitcoin instead of other currency. Even if bitcoin doesn't exist, I'm sure the criminalities still exist.
hero member
Activity: 924
Merit: 500
Actually, all currency in the whole word can be use in in any illegal activities of each country. That's other country are giving any restriction about creating a law about it, not USD only..
copper member
Activity: 2940
Merit: 4101
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Euro is more suitable than USD for illegal activities. Since there are 500euro papers which hold a lotmore value than 100$. To answer your question, of course it is being used for illegal activities. It doesn't make USD guilty. USD is the most common currency around the world, thw most liquid... That's why terrorists choose USD over everything else.

It's true. Here a 500€ papers can be exchanged for 520€ in street and we don't have problem to find someone to exchange. It's more convenient for the criminals, they find several advantages with it. For exemple it's more easy to transport 100k€ with 500€ than with 10-20-50€. But not easy to get one 500€ paper, we have to fill paper at the bank and wait like a week to get it. The truth is you look really suspicious asking for a 500€ paper. And so far i have never see any, only 100 and 200€ and they are also rare to see
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