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Topic: Will bitcoin be used to support terrorists? - page 3. (Read 140916 times)

sr. member
Activity: 1246
Merit: 285
Linking Bitcoin to crime is one of the most stupid things which now and then somebody does. Thieves, cheaters, terrorists, bad people will always use whatever tools exists for their bad actions. Be sure that until now they have used by far more dollars than Bitcoins.
Yep, all things can be used as a crime tool if the use of it is a criminal. It's just that bitcoin is something new, so when there is such an issue it will be in a massive blow up. Thus, it appears that bitcoin is very easy to use as a crime tool, whereas fiat also has the same chance.
full member
Activity: 560
Merit: 104
terra-credit.com
If bitcoin is properly used to support the actions of terrorists, then I'm sure bitcoins can be blacklisted in countries. In order for the use of bitcoin does not develop in their countries. Because the government would be worried if bitcoin is also a place for transactions for terrorists, it will make more terrorists popping up and acting with bitcoin. This makes the bitcoin situation even more threatened and the price goes down. And the government will be more excited to kill bitcoin as their way of combating terrorist acts.
Therefore, depending on the user. Most governments are worried about the misuse of bitcoin as an illegal activity, one of which is terrorist financing, then the restriction of bitcoin is used, for example, it is only allowed to be used as an asset and prohibited if used as a means of payment.
newbie
Activity: 80
Merit: 0
If bitcoin is properly used to support the actions of terrorists, then I'm sure bitcoins can be blacklisted in countries. In order for the use of bitcoin does not develop in their countries. Because the government would be worried if bitcoin is also a place for transactions for terrorists, it will make more terrorists popping up and acting with bitcoin. This makes the bitcoin situation even more threatened and the price goes down. And the government will be more excited to kill bitcoin as their way of combating terrorist acts.
sr. member
Activity: 1148
Merit: 307
Linking Bitcoin to crime is one of the most stupid things which now and then somebody does. Thieves, cheaters, terrorists, bad people will always use whatever tools exists for their bad actions. Be sure that until now they have used by far more dollars than Bitcoins.
full member
Activity: 322
Merit: 102
Terrorist groups collect money, usually for combat operations, propaganda, training and recruitment. The fight against money laundering and efforts to combat the financing of terrorism has undermined the ability of these organizations to use some traditional methods of fundraising, the report says. But it is also noted that these organizations can adapt to certain methods of pressure, so authorities should continue to monitor the use of traditional methods of financing by terrorists.
full member
Activity: 359
Merit: 100
Reinventing Decentralised Finance on BSC
I don't have any proof but that could be possible. With anonymity feature, sending Bitcoin to someone will give no identity. And I think Bitcoin has been used before for purchasing illegal stuff in the black market, that's according to the documentary I have recently watched. I guess that's happened or maybe that's still happening.
jr. member
Activity: 182
Merit: 2
On March 8th, Cheollima Civil Defense(CCD) released a video on its website claiming:” Han Sol, the son of Kim Jong Nam, and two other family members were met quickly and relocated to safety. “ And they receive bitcoin for financial support. http://news.8btc.com/bitcoin-plays-a-role-in-humanitarian-assistance This is something nice to do. But what if bitcoin be used to support some bad organizations, even terrorists? Is this already happening?  What i am worrying is if bitcoin be widely used for bad things, negative news would be all over and bitcoin price will drop. It will lead to tougher regulation. Do u think world leaders are willing to kill btc to make sure they can fight terrirists?
Abusers bitcoin can not we anticipated. Same with drug abusers. We can condemn them, but not with the gusto they abuse drugs or bitcoin. Remove circulation bitcoin can never kill the terrorists.
full member
Activity: 434
Merit: 100
I don't think so if terrorist will patronize bitcoin because there's a lot of procedures in using bitcoin. What I surely know is bitcoin is made for everyone.
Anyone can use it and enjoy it. We also have both rights to use it eventhough you are a good person or not.
full member
Activity: 420
Merit: 100
The terrorist can use btc with their wrong doings because  nobody can control the flow of in and out of btc.  They can get their fund by sending them the cash from their supporters. That is not proper but that is possible to happen.
newbie
Activity: 34
Merit: 0
How ridiculous  Cheesy  , yeah they can if they wanted but is in the world of BTC Really define people?
full member
Activity: 378
Merit: 100
ADAB ADAB ADAB ADAB
On March 8th, Cheollima Civil Defense(CCD) released a video on its website claiming:” Han Sol, the son of Kim Jong Nam, and two other family members were met quickly and relocated to safety. “ And they receive bitcoin for financial support. http://news.8btc.com/bitcoin-plays-a-role-in-humanitarian-assistance This is something nice to do. But what if bitcoin be used to support some bad organizations, even terrorists? Is this already happening?  What i am worrying is if bitcoin be widely used for bad things, negative news would be all over and bitcoin price will drop. It will lead to tougher regulation. Do u think world leaders are willing to kill btc to make sure they can fight terrirists?

Bitcoin can really support terrorist because cryptocurrency is just the same as fiat and it can be used for both good and bad, so people should always use cryptocurrency for good like to sustain their daily needs in order for bitcoins to be legalize on every country.
jr. member
Activity: 308
Merit: 3
The Premier Digital Asset Management Ecosystem
well bitcoin can be used in whatever manner, and controlling how people use BTC can be tough as you cant trace all the activities its involved in, i however agree that if its heavily used in funding outlaw activities, the governments may have a crack on it, but regulating its use is almost impossible.
To have a Bitcoin transaction control measure is unlikely. The government is not competent to do this. I think nothing can prevent criminals, do not blame it all for Bitcoin. Due to the anonymity of Bitcoin they are capable of attracting so many people, so they just existed and developed to this day.
legendary
Activity: 1372
Merit: 1022
Anarchy is not chaos.
The largest source of funds for terrorists are governments.

Period. No exceptions exist.

Abolish central government, and both their raison detat and funding will dry up.
full member
Activity: 448
Merit: 100
Lets Go Adab
Terrorists are always trying to fnd the new awys for funding their activities. That is why are they also watching new technologies and trying to keep the step.
I think I've read somwhere that bitcoin was already used for financing terrorism and I wouldn't be surprised if that it' true. It's much more convenient way than using fiat currencies. Also, financing terrorism or better to say to stop it is one of the reasons why exchanges have so strict policy.

It is possible that bitcoin will be used to support terrorist because anyone can use cryptocurrency, in this way they can really be hard to find and since it was a digital currency then nbi will have a hard time to trace the transactions and governments are avoiding this problems.
full member
Activity: 142
Merit: 105
Well its actually happening. Cashflow have find a new way or we can say comventional money supply chain has been interrupted by the new invention of modern science which we know as blockchain system. Blockchain is an open source and independent which ensures people to maintain their transections independently in sense no one doesnt required to answer anyone for the source of income or for the purpose of income.
Which basicially helping terrorist in a good way so that they can keep up the money supply to gear up their terrorist act.
For example arms dealings are way much easy. Donation can be sent from anyone or any part of the world.
ISIS and groups like taleban needs a secure way of doin transection in sense of without getting caught. Cause this guyz are living with us. May be one of them is leaving in your or mine next door.
This block chain technology or btc help to main the privacy of their identificstion at its best.
So why not use such a wonderful creation. Everybody maintsin their safety by his own best.
member
Activity: 476
Merit: 10
 well bitcoin can be used in whatever manner, and controlling how people use BTC can be tough as you cant trace all the activities its involved in, i however agree that if its heavily used in funding outlaw activities, the governments may have a crack on it, but regulating its use is almost impossible.
sr. member
Activity: 672
Merit: 274
On March 8th, Cheollima Civil Defense(CCD) released a video on its website claiming:” Han Sol, the son of Kim Jong Nam, and two other family members were met quickly and relocated to safety. “ And they receive bitcoin for financial support. http://news.8btc.com/bitcoin-plays-a-role-in-humanitarian-assistance This is something nice to do. But what if bitcoin be used to support some bad organizations, even terrorists? Is this already happening?  What i am worrying is if bitcoin be widely used for bad things, negative news would be all over and bitcoin price will drop. It will lead to tougher regulation. Do u think world leaders are willing to kill btc to make sure they can fight terrirists?

The reality is that anything of value can be used to support terrorism. However, if you're worried about currencies being used to fund terrorism, then you should be most concerned about the US Dollar. No other currency, including Bitcoin, beats the US Dollar when it comes to the funding of terrorism.
full member
Activity: 1470
Merit: 148
Well as for me i see as any other currency which can be use for any type of business activities including sponsoring of terrorist activities which i can't tell is currently on going.
member
Activity: 364
Merit: 11
There is a possibility that the bitcoins can be used in illegal activities specially in terrorist attacks but the company of bitcoin do some actions in order to prevent and regulate this issue for the benefit of the community.
full member
Activity: 448
Merit: 100
Bitcoin is a Cryptocurrency and there are no restrictions whatsoever as to who can use it. Just like US dollars,bitcoin is free to use for every one. Either it could be used for good or for illegal and terrorist activities. If terrorists want to use bitcoins,they have much better choice like Monero and Zcash which provide full anonymity. Bitcoin transactions could be easily traced since it is pseudo anonymous.
Government fears that cryptocurrency could be used for terrorism financing, which is a major concern and I guess this is one of the reasons for the call for cryptocurrencies regulations.
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