The Dark side of Cryptocurrency

[Pitter]

Cryptocurrency is the most popular technology now a days in the world and the popularity is going to the space .But it has a big issue that the biggest site in cryptocurrency used in dark side . Some people abuse this technology for transaction like drag , child sex , arms buy and sell etc so I wish by hook or by crook it will be stop .

[Thymoty]

Cryptocurrency is like a coin that has both good and bad sides. If we look at the bad side, cryptocurrency can be used for various kinds of crimes. But we should be able to see more of the good side. Because with the advent of cryptocurrency, there are many things that were created that we never imagined before.

[Bobcrypto]

We are so much delighted when we came to know this type of creation in technology since it helps us in many ways specially when you want to be anonymous. Crypto currency allowing us to make money in a passive way through investment, trading, and the last one is by promoting the project we like to be part of.

But are we aware the dark side of crypto currency? We might think about hacking, phishing sites, and scams. Yet these are just a skin-deep problem as far as my personal opinion is concern.

Have you heard about Dark Web? It is the place in the digital world where everyone is anonymous and so illegal activities like criminals use to traffic drugs, arms trafficking, stolen and counterfeit documents such as identities, credit cards and bank credentials,  hacking and technological crime services, including malware, distributed denial of service attacks, and hacking for hire. Child pornography, images of violence, and other types of abuse are in there.

Because of the use of bitcoin and other private cryptocurrencies the persons involve in these illegal transactions is hard to reveal the identities. The reason why Korean exchanges are delisting Monero since it has the infrastructure that protects the identity of the transaction of every user.

I am thinking if there is a way to stop them abusing crypto currency for their illegal matters. Any opinion?

Before the invention of bitcoin/altcoins in the world, they were these criminal activities, and to say that cryptocurrecy is used to finance these activities this days is just an added joke.
You see, even before this dark web or criminal groups were carrying out their activities, there was no cryptocurrecy and for the fact that they are now using monero coin to perpetuate their activities has not put cryptocurrecy  on any the dark side.
This criminal activities, in my opinion must exist whether there is crypto or no crypto, the means of carrying out these acts from other sources will still be there.

[Piku]

The state of Bitcoin is currently very bright. Bitcoin Dominance has increased a lot. At present the demand in the market has increased tremendously, the price has increased due to the increase in the demand for bitcoin in the market. No one can predict the future of Bitcoin, but everyone makes predictions.

[aiviaa485]

I do not have any prejudice for cryptocurrency because this cryptocurrency depends on who is using it.
Even cryptocurrency can be useful for everyone with Blockchain technology which is very transparent.
But if you look at the bad side, everything has a downside, including in terms of gold trading, a lot of illegal gold trade in every mine.

[tor]

I think that cryptocurrencies are not so heavily used for illegal activities, compared to paper money, they are more used: corrupt activities, the purchase of illegal weapons, drug trafficking and similar activities

[Condorlaib]

I think that cryptocurrencies are not so heavily used for illegal activities, compared to paper money, they are more used: corrupt activities, the purchase of illegal weapons, drug trafficking and similar activities

cIn any event, fraudsters and criminals will use any form of payment that exists at the time. It cannot be said that cryptocurrency prevails in criminal activity, since dollars and precious stones and metals appear to a greater extent in criminal transactions. I believe that there is no need to dwell on this, and not to attribute "dark" merits to the cryptocurrency.

[masudginanjar]

I think that cryptocurrencies are not so heavily used for illegal activities, compared to paper money, they are more used: corrupt activities, the purchase of illegal weapons, drug trafficking and similar activities

But in my opinion it is the same because the cryptocurrency is used after the purchase is used with Fi or paper money.
Or vice versa, paper money is bought cryptocurrency and eventually traded for illegal trade.

This is my opinion because the money from every cryptocurrency transaction will eventually return to crypto, or vice versa.

[Hasnain khan]

Digital money actually manages the product market till date. However like a coin has different sides, cryptographic money also has a dim side.Cryptocurrency is a type of computerized cash which has no actual structure. It contains of a square which has all the exchange subtleties and a chain which makes sure about the square framing a blockchain. As the exchange goes on, a gigantic organization of blockchains structure. We have different monetary standards across the globe.

[Carbitcoin]

I think that cryptocurrencies are not so heavily used for illegal activities, compared to paper money, they are more used: corrupt activities, the purchase of illegal weapons, drug trafficking and similar activities

But in my opinion it is the same because the cryptocurrency is used after the purchase is used with Fi or paper money.
Or vice versa, paper money is bought cryptocurrency and eventually traded for illegal trade.

This is my opinion because the money from every cryptocurrency transaction will eventually return to crypto, or vice versa.

Illegal trading in cryptocurrency or cashing cryptocurrency into fiat funds can be considered such only if the state has any restrictions on this. In most cases, this activity is not illegal or complex with such consequences.

[Hasnain khan]

Lamentably, a variety of tricksters launder cash through cryptographic forms of money and there is not something to be done about it, since con artists have just picked up experience of misrepresentation in different zones before the digital currency circle, and in the digital currency circle, it is much simpler for them to do messy business, yet you ought not focus on it on the grounds that there are different associations attempting to battle with con artists.

[Galley]

Any good deed can be turned into harm if people, for whom universal values mean nothing, put their hands on it. Criminals and fraudsters will use all the possibilities of cryptography for their dirty deeds. But that doesn't mean anything. The fight against this evil will never end.

[Vx1]

What can we do to stop them from using this Cryptocurrency for illegal activities, it is like criminals fighting the government so if they are caught they must be punished to have a deterrent effect.  And also we must continue to campaign that these bad or illegal activities are very detrimental to all parties.