Will Bitcoin go under FBI investgation

samcrypto

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Quote from: felicita on September 16, 2018, 03:59:40 PM

i think Bitcoin is since 2009 always under investigation XD
Becourse its used to buy drugs easy also weapons and other hard thinks XD

kind regards

Well, people says bitcoin is being used to buy drugs or to buy weapons and yet there is no news aboung this thing. No one is convicted yet because of this humor, or maybe this is not really true. This market is under investigation ever since, and government is not giving up yet on that.

First77

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Terrorists group ISIS has $30 million to $100 million in Bitcoins. That is enough to carry out airstrikes and missile attacks.

Diced90

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Get'em boys

I won't rule the possibility out as it could happen but it would be too expensive of a task to undergo as such I think the authorities will turn to other and more pressing issues.

felicita

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i think Bitcoin is since 2009 always under investigation XD
Becourse its used to buy drugs easy also weapons and other hard thinks XD

kind regards

cytpoway121

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I think if the FBI comes to investigate bitcoin
It is just to figure out and put a stop to money laundering , internet scams that happens easily with the use of bitcoin

We can just be wary not to purchase tainted bitcoin

avoxosuccesful

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Wait is it possible for authorities to track every bitcoin user all over the world? well i don't think so. and why would the FBI want to even track bitcoin or its users tho, except those who uses bitcoin for illegal activities causing the downfall of bitcoin and framing bitcoin as an illegal. they shoul go in search of hackers or fishers as they call em or something. i think they should be investigating other altcoin coming up as scam this days.

Stopir070

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FBP has long been trading bitcoin) when they seize it from the attackers

hubballi

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If you go from start then you will come to know that Bitcoin came to Lime-light when FBI conducted raid on silk route and when cleaning it they got the details about bitcoin and its technology. They Auctioned the BTC which they received in Silk Route Raid, then how do you think that they are going to Investigate in BTC. It can be that FBI are Investigating other Altcoins which are giving false commitment and scamming investors. Which is also good, even recently Bitconnect India Head got caught in Law hands for the false commitment they gave to investors and thought of scamming and running out. So now the Legal Law is tracking the ICO which are scammers and getting ready to punish them.

Wendigo

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I would like to mention something slightly off topic. SEC are investigating Elon Musk over his purported attempt to manipulate his Tesla company share price by tweeting out that he wants to buy back investors' shares and make his company private again. His tweet was enough to increase share price considerably in matter of days. I reckon if Bitcoin gets regulated pump and dump instigators and fake news speculators might get investigated for attempted market manipulation as well. Perhaps not by the FBI per say, more likely by the SEC and other agencies alike in different countries.

adpinbr

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I don't think so, or I do not think that any true information would be or will be given here, FBI knows how to work anonymously same as how BTC works anonymously, however, I do not think that it is a valid reason to be given a statement that the FBI would investigate on it, the FBI is always tracking, they always do.

cryptohunter

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well they would not be investigating bitcoin but rather those who (if are) able to manipulated the markets so widely

Gururapyco

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It's too hard to trace all transactions on the blockchain tha are anonymous. People with bad intentios will use other coins like Monero that are not tracable at all.

giantrobot

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This is not a bad thing. The FBI investigation of Bitcoin also has their reasons. Bitcoin is a decentralized transactional and anonymous transaction, so it is used by criminals to do bad things. Therefore, the law must interfere with Bitcoin so that it becomes cleaner.

Indamuck

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I don't think the FBI is concerned about bitcoin. Cash is still more used in shady black market deals than bitcoin is. They go after crime, FBI is not interested in targeting a digital currency. The SEC is the group that will be investigating ICOs and fradulent cryptos.

Phlaser

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Bitcoin isn't an entity that is visible that can easily be investigated. Investigating Bitcoin is not possible at all. I would agree with you if it's investigating transactions made with Bitcoin in order to trace the source and receiver. Unfortunately the whole process is anonynous, then I wonder how exactly the investigation would be conducted!

hachiman13

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I don't see any sense to this happening. There is no central figure in bitcoin so who's gonna get interrogated by the FBI? Perhaps the people using it normally? No. If they've done that, they would have to do it to all parties involved to practice impartiality.

Direwolve735

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FBI Currently Investigating 130 Crypto-Related Cases. It tries to help prevent the illicit use of cryptocurrencies including bitcoin, dash, zcash, and monero. In order to do this, the FBI analyzes crypto-currencies, the methods of their application, the composition of teams of various projects. At the moment the FBI want to improve its investigative technology to combat cybercrime.

Bannednehlahmos

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I think it's impossible

carlisle1

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Quote from: First77 on June 29, 2018, 09:48:48 PM

Bitcoin went from $1 to $10,000 in 9 years. Never been heard of.. and Bitcoin got $350,000,000,000. Roll Eyes

HYIP cartel is most likely using Bitcoin for their 200% profit per month HYIP programs/ponzis.

Will FBI investigation come to Bitcoin ??

Even if FBI comes for investigation here in crypto still they can make it possible as anonymity is indeed in this community..but for me if the FBI has a capability to do such i will support this action just make sure that this will not be used for abusing and for personal interest

mxyzptlkof6th

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Quote from: First77 on June 29, 2018, 09:48:48 PM

Bitcoin went from $1 to $10,000 in 9 years. Never been heard of.. and Bitcoin got $350,000,000,000. Roll Eyes

HYIP cartel is most likely using Bitcoin for their 200% profit per month HYIP programs/ponzis.

Will FBI investigation come to Bitcoin ??

This has been done already. Few months after they knew that bitcoin can be used to buy guns, drugs, etc., the FBI already made their action. To avoid this crimes, simply stick to your work which I assume is legal so that you will not get into trouble. Just think of profits and accept it whether it is small or big.

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