Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Chomzzy on December 27, 2018, 05:11:16 PM
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In what ways do you think that developers should tackle the issue of using bitcoin to carry out criminal activities such as money laundering, drug trafficking, illegal business transactions, and terrorism sponsor by some unscrupulous elements?
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This is obviously not a topic related to cryptocurrency trading. I reported this to moderator to move to the proper board. Please check where you are posting next time.
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This would be a tough process for developers to handle but I think it can be overcome. Among what can be the done is the constant use of kyc and some high tech machine to track each transaction process.
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Well, this could be true, the reason is that cryptocurrency is decentralized, and it is the area where the criminal can use it to scam people and go away with it without be persecuted.
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In what ways do you think that developers should tackle the issue of using bitcoin to carry out criminal activities such as money laundering, drug trafficking, illegal business transactions, and terrorism sponsor by some unscrupulous elements?
I think It is possible, But criminal activities will happen in every where and every time. Crypto currency is anonymous, Your identity cannot be tracking
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Which developers are you referring to? Coin developers? They will to make it centralized if they ever plan to tackle issues of illegal activities using crypto.
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Nothing can be done I suppose. From some point of view, people were doing those jobs even with the paper money. Banks didn't do anything about it, even swits became the most powerful money loundering center of the earth. This is very well known issue of the money sector, and since it provides so many volume and traffic, nobody is talking about it unless big guys see it and become uncomfortable.
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Nothing can with criminal activity because bitcoin, Ethereum, and others cryptocurrency nothing but a single or binary digital. Some illegal person are directly and indirectly support criminal activities via online forums or virtual currencies.
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If it is true, the fiat money also indirectly support criminals too and even more deeply.
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In what ways do you think that developers should tackle the issue of using bitcoin to carry out criminal activities such as money laundering, drug trafficking, illegal business transactions, and terrorism sponsor by some unscrupulous elements?
Developers of many blockchain projects against the use for criminal purposes, the whole ideology of using the crypto currency is built on preventing this, since transactions in the blockchain are absolutely transparent and you can track where the funds went.
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Only laws and regulations can limit and avoid this. but can it be implemented in a country? not all countries can do it because bitcoin is a currency that does not regulate. it is a negative side besides the many positive things you can get when using bitcoin or blockchain technology.
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I doubt if this is true because cryptocurrency is very transparent
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In what ways do you think that developers should tackle the issue of using bitcoin to carry out criminal activities such as money laundering, drug trafficking, illegal business transactions, and terrorism sponsor by some unscrupulous elements?
This is not something strange, even fiat itself is also used for criminal transactions. Yes I do not deny it because it must happen at any time.
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In what ways do you think that developers should tackle the issue of using bitcoin to carry out criminal activities such as money laundering, drug trafficking, illegal business transactions, and terrorism sponsor by some unscrupulous elements?
Do you have any information and documents to support this statement? For years, people have been doing these activities in a way. No one can prove that this is more with crypto.
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In what ways do you think that developers should tackle the issue of using bitcoin to carry out criminal activities such as money laundering, drug trafficking, illegal business transactions, and terrorism sponsor by some unscrupulous elements?
Everything that you have listed has been happening in the world for a long time and the cryptocurrency market has nothing to do with it. On the contrary, cryptocurrency is not beneficial for crime because the market is not stable and no one wants to risk.
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We cannot only look at the bad sides of crypto impacts. Crypto also has many advantages to improve people's income and may improve global economic sector. I don't refuse that those criminal activities possible to support through crypto but they are easily to know by the authorities.
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The utility of the crypto will depend on the token holders. Not all token holders will do the criminal activities, most of them use it to obtain certain profits and money. However, I also don't think that there are no people using it as manner of their crime, because it is personal. We don't know how they utilize that.
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Tell, and in what sphere now there is no crime and it somehow isn't connected with it? Personally, I can't imagine.
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Crime and big money always go hand in hand, respectively, the fact that criminal groups are interested in cryptocurrency is not even discussed.
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In what ways do you think that developers should tackle the issue of using bitcoin to carry out criminal activities such as money laundering, drug trafficking, illegal business transactions, and terrorism sponsor by some unscrupulous elements?
In my opinion, criminal activities will happen in every where. So It is possible in crypto because crypto is anonymous. Your identity cannt be tracked.
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Almost everything can be used for a criminal purpose. The problem of crime should not worry developers cryptocurrency. This should deal with law enforcement. However, cryptocurrency developers should provide all possible assistance in this law enforcement agencies.
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Almost everything can be used for a criminal purpose. The problem of crime should not worry developers cryptocurrency. This should deal with law enforcement. However, cryptocurrency developers should provide all possible assistance in this law enforcement agencies.
I think, that criminals can use diamonds and anything else they find suitable. There are many lawful situations that people need to use anonymous tools for transactions. This is my favorite: Sending funds to a child of a previous marriage, disobeying the current partner request, that funds shouldn't be sent. There SHOULD be a way to do this, without putting the current marriage in danger.
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Well, it is used for some illegal activities, yes. But I can assure you that other currencies are also supporting, I have no doubt for that.
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Well, it is used for some illegal activities, yes. But I can assure you that other currencies are also supporting, I have no doubt for that.
Yes, you are correct. Although if it is true to be misused for illegal issues but it also has good advantages for people around the world. Crypto can make a jobless to have a source of income. People can try to improve their income by doing crypto jobs.
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not all countries can do it because bitcoin is a currency that does not regulate. it is a negative side besides the many positive things you can get when using bitcoin or blockchain technology.
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It is just a tool and it is up to its user whether to use it for good or bad things. It can also be said that a knife and a gun indirectly support criminal activities.
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People associated with crime are often very far-sighted and can find ways to use any areas in their favor.
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I don't think that crypto are supporting criminals and also anonimous coins are also used by common people..
criminals will always find a way to exchange money even without crypto.
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In my opinion, Developers can hold KYC (Know Your Customer) so that criminals who will commit money laundering crimes can be avoided, but KYC makes some investors who will actually invest in the project feel afraid if their personal data is used improperly.
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How exactly can it support crime? Personally, I know that a large level of organization had no problems with money transfers.
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No i don't think cryptocurrencies indirectly support for criminal activities because cryptocurrencies is like money they can be used for good and bad something, it is like fiat money. Cryptocurrencies is good progress of finance of industry so don't blame the cryptocurrencies the users of cryptocurrencies has responsibilities of it.
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With the right approach, this imaginary anonymity can be deployed in a completely different direction. The main thing that the government wanted it.
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Somehow everyone is trying at such a moment to look for the disadvantages of the crypto industry and forget about what it can bring in the future?
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Everyone sees what they want. Many people still believe that cryptocurrency is only for bandits and criminals.
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Somehow everyone is trying at such a moment to look for the disadvantages of the crypto industry and forget about what it can bring in the future?
It was actually a good an honest question from the original poster. This issue has been one of the reason why some do not like crypto
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In what ways do you think that developers should tackle the issue of using bitcoin to carry out criminal activities such as money laundering, drug trafficking, illegal business transactions, and terrorism sponsor by some unscrupulous elements?
More stringent rules on transferring of their coins, and KYC for the coin holders will be a good move to prevent criminal activity but if someone really want to commit a crime by any means they will find a way to do it.
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In what ways do you think that developers should tackle the issue of using bitcoin to carry out criminal activities such as money laundering, drug trafficking, illegal business transactions, and terrorism sponsor by some unscrupulous elements?
I think cryptocurrency is anonymous, And criminal activities can happen in every where.. So It is. possible
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Cryptocurrency doesn't support criminals. It is only about a chance stolen by criminals. They utilize crypto for their own purposes. In this case, crypto is like a victim. The criminals misuse the advantages of cryptocurrency.
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In what ways do you think that developers should tackle the issue of using bitcoin to carry out criminal activities such as money laundering, drug trafficking, illegal business transactions, and terrorism sponsor by some unscrupulous elements?
Many government worry about that, Illegal activities or criminal activities will used crypto currency. I think every thing can happen
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I've seen a lot of articles which described in detail the problem and stating those coins which are most often used for this, I think this could be a big problem for cryptocurrency approval in the world
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I've seen a lot of articles which described in detail the problem and stating those coins which are most often used for this, I think this could be a big problem for cryptocurrency approval in the world
Can you share some pls? I would like to take a look
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Everyone is trying to find evil in cryptocurrencies, but even if we consider social networks, there is an opportunity to find how they spurred the development of the drug business.
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You might as well say the dollar. After all, he also helped them exchange money, not pieces of gold.
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Until and unless some kind of regulation takes place we can not get rid of such issue because it is beyond control due to the anonymity nature of cryptocurrencies. But such activities takes place everywhere whether it is fiat because criminal activity doer has many ways to run their work they know all the loops.
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No I don't believe it that cryptocurrency indirectly support criminal activity. But some illegal person use it as their criminal action. So not bitcoin but people direct responsible for criminal action.
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If you think that there is an area where crime is not represented in any way, then you are very much mistaken.
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I don't believe it at all but many people believe that bitcoin is using online criminal activities. Thus many countries don't allow bitcoin at all.
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Cryptocurrency has the same relationship with criminals as the state with cartels. Quite closely work and sometimes come into contact, but no more.
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Even though some of us would want to feign ignoance if this ir shy away from it.
The fact remains that Cryptocurrency indirection encourage Criminal activities such as money laundering, trafficking and terrorism sponsorship.
It all boils down to the anonymous nature of the blockchain.
There's no way of tracking a wallet to an offlune address.
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There is no such problem. The United States conducted special studies on this topic, which showed that Bitcoin is used for illegal purposes only in a few percent of cases. First of all, this is explained by the fact that it is only relatively anonymous. Criminals in their activities use coins with complete anonymity, such as Monero, Dash and others. And in general, this is not a serious problem for cryptocurrency. Almost everything can be used for illegal purposes. This should only be a problem for law enforcement.
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I personally work in the banking sector and a little sitting in the tax, I can assure you that crime is everywhere.
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All technologies have pros and cons. Western Union has also made it easier for criminals to transfer money.
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I certainly understand that people may not understand something, or not know, but to think that crime will not benefit from such a sphere is stupid.
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No no I don't believe it at all because bitcoin just an online currencies but some illegal people spreading a fake message throughout the world.