As far as I know, there are incidents like that.
I don't know if this is true or not but as far as I know, there is an incident where it is said that terrorists are using cryptocurrencies to pay for weapons or to transact. With the volatility of it, obviously, these groups will be using it since they will never be tracked that easily by the government or their other enemies.
Topic: You think terrorist groups around the world use Cryptos as a means of payment? (Read 586 times)
December 06, 2019, 05:02:05 AM
December 06, 2019, 04:17:20 AM
I think it definitely has contributed to the volume but I don't think it is a lot since most exchanges like OKEX would have KYC application to traders. OKEX
November 30, 2019, 11:51:20 AM
They are using crypto and fiat together but media are writing too many times about crypto and fraud
Terrorist will be using fiat currency more than crypto in my opinion and bitcoin came into existence after 2009 and it became mainstream after 2011 to 2013 and even before that there were terrorist getting funds and none of the governments were able to stop nor track any of these funds and now if some groups are using bitcoin as a mode of transaction then they like to blame everything on bitcoin which is bonkers. 
November 30, 2019, 09:39:44 AM
im not sure but it can be happen. you know if cryptocurrency keep the user identity, this is the safe place to make transaction without worried about revealing your information, and 'maybe' they use it. its just opinion, and we cant close eyes for this fact
November 30, 2019, 09:20:14 AM
Crypto is anonymous so they will use this to exchange weapons, drugs and all they want in criminal or no matter who the people that do illegal things. So don't surprise if someday terrorist will caught by this transaction.
Actually I searched that in google and many article says that this is true, and I see also that bitcoin is really used and their are some report that authorities caught people using this to fund Islamic Terrorists.
Actually I searched that in google and many article says that this is true, and I see also that bitcoin is really used and their are some report that authorities caught people using this to fund Islamic Terrorists.
November 30, 2019, 09:03:05 AM
Considering that there are still many terrorist groups or insurgents groups around the world right now fighting with weapons that probably cost a lot. Do you guys think that they use cryptocurrencies in order to fund their armies or do they stick with trading with cash or trading valuable resources that they have?
I would not be surprised if they do trade with cryptocurrency considering that cryptocurrencies are really hard to trace compared to the conventional means of trading such as cash or valuable resources. Unless their funders don’t really accept cryptocurrency and they stick with the older methods of payment.
By the way, just to make it clear. I am not in any way planning to make a terrorist group or insurgency, I am just asking out of curiosity as I can see that those terrorist groups or insurgencies in the news must get their funding from somewhere and I was wondering what means do they use to trade for their equipment.
Considering the fact that crypto is being used in the black market specifically bitcoin, there's a huge possibility that it is being used by terrorists all over the world. I have watched a series in Netflix wherein there's an instance where they bough their large weapons for a heist in the blackmarket and mentioned the value of it in bitcoin. It may be just a show but who know what are the things being sold in the black market. It would be very possible since the black market and crypto can't be regulated or controlled by the government of any certain country in the world. I would not be surprised if they do trade with cryptocurrency considering that cryptocurrencies are really hard to trace compared to the conventional means of trading such as cash or valuable resources. Unless their funders don’t really accept cryptocurrency and they stick with the older methods of payment.
By the way, just to make it clear. I am not in any way planning to make a terrorist group or insurgency, I am just asking out of curiosity as I can see that those terrorist groups or insurgencies in the news must get their funding from somewhere and I was wondering what means do they use to trade for their equipment.
November 30, 2019, 08:52:15 AM
Considering that there are still many terrorist groups or insurgents groups around the world right now fighting with weapons that probably cost a lot. Do you guys think that they use cryptocurrencies in order to fund their armies or do they stick with trading with cash or trading valuable resources that they have?
I would not be surprised if they do trade with cryptocurrency considering that cryptocurrencies are really hard to trace compared to the conventional means of trading such as cash or valuable resources. Unless their funders don’t really accept cryptocurrency and they stick with the older methods of payment.
How do we even know that for sure ?I would not be surprised if they do trade with cryptocurrency considering that cryptocurrencies are really hard to trace compared to the conventional means of trading such as cash or valuable resources. Unless their funders don’t really accept cryptocurrency and they stick with the older methods of payment.
Yes, there is no way you can tell who is making use of cryptocurrency, so you can't really tell if these terrorists are making use of cryptocurrency. But, I have seen a lot of times where Bitcoin is being used on the dark web.
There are lots of weird things that are going on on the dark web and since Bitcoin was invented they have all switched to making use of Bitcoin and other cryptocurrencies like Ethereum. But should we blame that on crypto? I don't think so. I believe that whoever Satoshi Nakamoto is who invented Bitcoin, he did it for a good reason, we can see that if we read the reasons he stated for creating bitcoin.
It's now up to us on how we use bitcoin. Even before Bitcoin was invented, there have been a lot of evil things going on in this world, there have been terrorists and these terrorists were being funded back then, so why should we now blame Bitcoin?
November 30, 2019, 05:25:48 AM
I also believe that terrorists use the possibility of anonymous business dealings with cryptocurrencies to disguise their criminal activities. This possibility of anonymous money laundering is also used by criminal gangs if you believe the reports.
Therefore, almost everywhere in the world, the guidelines for money laundering and money laundering laws are tightened.
Unfortunately, these criminal gangs are turning the cryptocurrencies into a bad name.
Therefore, almost everywhere in the world, the guidelines for money laundering and money laundering laws are tightened.
Unfortunately, these criminal gangs are turning the cryptocurrencies into a bad name.
Bitcoin transactions are fast and anonymous, Terrorist needs these two features and for them using crypto is the best option. They can use crypto for money laundering and all sort of illegal stuff without being traced. Due to this reason, many people give crypto a bad name but actually it is the terrorists who use crypto in a bad way.
November 30, 2019, 05:15:56 AM
I also believe that terrorists use the possibility of anonymous business dealings with cryptocurrencies to disguise their criminal activities. This possibility of anonymous money laundering is also used by criminal gangs if you believe the reports.
Therefore, almost everywhere in the world, the guidelines for money laundering and money laundering laws are tightened.
Unfortunately, these criminal gangs are turning the cryptocurrencies into a bad name.
Therefore, almost everywhere in the world, the guidelines for money laundering and money laundering laws are tightened.
Unfortunately, these criminal gangs are turning the cryptocurrencies into a bad name.
November 30, 2019, 05:12:58 AM
Some might be using crypto but not all. In my opinion, some— not all terrorist are based in rural places so it's hard to connect using technologies. So those are probably using fiat, unless they have strong connections with higher people that can help them with different transactions. Those who have connections who is providing them some weapons might be using cryptocurrency to buy things on darkweb.
November 30, 2019, 04:52:54 AM
The terrorists are anonymous and they are ready to die if caught and will not reveal who is behind it all, what else to look for
Information on how they can get funds for weapons.
So don't blame crypto for its usefulness but the terrorists and the people behind it.
Information on how they can get funds for weapons.
So don't blame crypto for its usefulness but the terrorists and the people behind it.
Do you know people buy illegal guns and weapons through the dark web and all the transactions are done in bitcoins and crypto. For the terrorist, crypto is a blessing because they can now move the money or do transactions anonymously. There is no doubt in the OP question that one of the biggest misuse of crypto is its use in illegal and terrorists activities.
November 30, 2019, 04:34:49 AM
~snip~
does it really relevant and so important for you asking about this stupid question instead of many things that may help you learn the importance of cryptocurrency?
it always give me a thinking that you are just trolling or creating FUD for what reason is same question in my ming.
but for the sake of arguments?it doesn't matter if terrorist groups using crypto to fund their activities because even if not bitcoin was used still they will use other currency or mode of payments to continue their bad works so whats the difference?
November 30, 2019, 03:41:57 AM
The terrorists are anonymous and they are ready to die if caught and will not reveal who is behind it all, what else to look for
Information on how they can get funds for weapons.
So don't blame crypto for its usefulness but the terrorists and the people behind it.
Information on how they can get funds for weapons.
So don't blame crypto for its usefulness but the terrorists and the people behind it.
November 30, 2019, 02:22:38 AM
I would not be surprised if they do trade with cryptocurrency considering that cryptocurrencies are really hard to trace compared to the conventional means of trading such as cash or valuable resources. Unless their funders don’t really accept cryptocurrency and they stick with the older methods of payment.
terrorists usually use cryptocurrency or bitcoin payment systems to fund acts of terrorism.
But I think terrorists now prefer to use more conventional methods of interbank transfers, they tend to use cryptocurrency when they make small payments such as to redeem illegal goods.
November 29, 2019, 06:39:05 PM
Maybe sometimes terrorists will use crypto. I think they will use anything of value to get what they need. These people don't care. I don't think they use crypto as payment anymore then they do use any other form of payment.
The also probably barter for their guns and things they need. Whatever explosives and things. They cannot just buy chemicals they need to order from different places otherwise it will look like they are making a bomb and they will be arrested or interrogated at least.
There may be lot of cases like money laundering, terrorist funding by using the crypto coins. But still we can't blame crypto coins for all these. These kinds of activity was still there when there was no cryptocurrency. And even for today, I don't think that crypto is the main medium of payment for the terrorist group. the terrorist group used to active mostly in the remote parts of the planet and internet connection is a big issue there. Another thing is that the value of the crypto coins are so much volatile that terrorist groups do not take such a market risk.
The also probably barter for their guns and things they need. Whatever explosives and things. They cannot just buy chemicals they need to order from different places otherwise it will look like they are making a bomb and they will be arrested or interrogated at least.
November 29, 2019, 12:16:46 PM
The last time I checked all crypto to fiat currency exchange site are KYC and AML supported which mean the government can easily track down illegal activities done by crypto users. With that been said, terrorist group around the world done their cash transaction activities before the existence of crypto currency and the government was unable to catch them while some dark web user was caught by the government early this year if I could remember correctly and this shows that the statement made that crypto was used by terrorists and money laundering group are just to spoil crypto name.
November 29, 2019, 11:57:30 AM
Considering that there are still many terrorist groups or insurgents groups around the world right now fighting with weapons that probably cost a lot. Do you guys think that they use cryptocurrencies in order to fund their armies or do they stick with trading with cash or trading valuable resources that they have?
I would not be surprised if they do trade with cryptocurrency considering that cryptocurrencies are really hard to trace compared to the conventional means of trading such as cash or valuable resources. Unless their funders don’t really accept cryptocurrency and they stick with the older methods of payment.
By the way, just to make it clear. I am not in any way planning to make a terrorist group or insurgency, I am just asking out of curiosity as I can see that those terrorist groups or insurgencies in the news must get their funding from somewhere and I was wondering what means do they use to trade for their equipment.
What other physical or digital assets would be better off to fund terrorist organizations and their activities other than cryptocurrencies which is had to trace to its source. With the emergence of privacy coins, the use of such crypto in funding terrorist activities increased. Nonetheless, the good usage of crypto always outweighs the bad as fiats are also used to fund these activities. I would not be surprised if they do trade with cryptocurrency considering that cryptocurrencies are really hard to trace compared to the conventional means of trading such as cash or valuable resources. Unless their funders don’t really accept cryptocurrency and they stick with the older methods of payment.
By the way, just to make it clear. I am not in any way planning to make a terrorist group or insurgency, I am just asking out of curiosity as I can see that those terrorist groups or insurgencies in the news must get their funding from somewhere and I was wondering what means do they use to trade for their equipment.
November 29, 2019, 11:44:23 AM
There may be lot of cases like money laundering, terrorist funding by using the crypto coins. But still we can't blame crypto coins for all these. These kinds of activity was still there when there was no cryptocurrency. And even for today, I don't think that crypto is the main medium of payment for the terrorist group. the terrorist group used to active mostly in the remote parts of the planet and internet connection is a big issue there. Another thing is that the value of the crypto coins are so much volatile that terrorist groups do not take such a market risk.
November 29, 2019, 10:57:04 AM
Considering that there are still many terrorist groups or insurgents groups around the world right now fighting with weapons that probably cost a lot. Do you guys think that they use cryptocurrencies in order to fund their armies or do they stick with trading with cash or trading valuable resources that they have?
I would not be surprised if they do trade with cryptocurrency considering that cryptocurrencies are really hard to trace compared to the conventional means of trading such as cash or valuable resources. Unless their funders don’t really accept cryptocurrency and they stick with the older methods of payment.
By the way, just to make it clear. I am not in any way planning to make a terrorist group or insurgency, I am just asking out of curiosity as I can see that those terrorist groups or insurgencies in the news must get their funding from somewhere and I was wondering what means do they use to trade for their equipment.
I don't think like this ideas with terrorism using bitcoin as payment transaction, how come they get bitcoin without make deposit first, will possible for terrorism using bitcoin but needed good internet access, how ever they keep hidden their self using internet access because there are no body know about their location and there impossible using bitcoin without internet access. I would not be surprised if they do trade with cryptocurrency considering that cryptocurrencies are really hard to trace compared to the conventional means of trading such as cash or valuable resources. Unless their funders don’t really accept cryptocurrency and they stick with the older methods of payment.
By the way, just to make it clear. I am not in any way planning to make a terrorist group or insurgency, I am just asking out of curiosity as I can see that those terrorist groups or insurgencies in the news must get their funding from somewhere and I was wondering what means do they use to trade for their equipment.
November 29, 2019, 10:52:35 AM
it was reported that in 2018 there were still criminal groups or perhaps terrorists who were detected using crypto for financial resources. maybe this will make crypto feel misused. so maybe there must be certain actions to prevent crypto from being misused for criminal purposes
it's a bad impact from the abuse of crypto, and I don't think there's anything that can stop people from doing bad things. those who carry out transactions with bad intentions and there are people who provide goods for crime and pay with crypto. so it's hard to reduce abuse because it's back to the nature of the people who use itJump to: