Bitcoin and Illegal Activities

[Pitter]

US intelligence find that approximately one-quarter of bitcoin users are involved in illegal activity. We estimate that around $76 billion of illegal activity per year involve bitcoin (46% of bitcoin transactions), which is close to the scale of the U.S. and European markets for illegal drugs. So if in cryptocurrency maintain or follow some rules that would be better for blockchain and cryptocurrency as well .

[bayiajaib]

The legality of using digital currencies is important for a number of reasons. Illegal activities deter potential legitimate investors from investing in this mark, suspicions of illegal activity have forced some governments to ban or restrict the use of these currencies.

Yes, I think legality of using digital currency is important. But we all know , digital currency is anonymity. I think no one cannot control this coin. We also see several coin as such as Monero, untraceable. I think welcome to digital era..

[Coin63@]

Bitcoin is a popular cryptocurrency but some people using bitcoin as their illegal activities. They transfer bitcoin without banking permission, avoiding governments vat ,, taxes, . They use bitcoin as criminals activities and money laundering.

[damsix]

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So, this includes the rules that have been applied in the country I live in.
I also can't give access rights to everything in cryptocurrency because of these rules.
Maybe in my country too cryptocurrency trading feels limited and this is really sad and I am waiting for the latest regulations from the government for cryptocurrency trading.

[Token@]

Bitcoin is currently illegal in many countries.  Again legal in many countries.  Countries that have declared bitcoin legal tender have already made great strides.  If it is declared legal by the governments of the countries that have declared it illegal, it will be used for the most immoral and misdemeanor purposes.

[AllSii]

US intelligence find that approximately one-quarter of bitcoin users are involved in illegal activity. We estimate that around $76 billion of illegal activity per year involve bitcoin (46% of bitcoin transactions), which is close to the scale of the U.S. and European markets for illegal drugs. So if in cryptocurrency maintain or follow some rules that would be better for blockchain and cryptocurrency as well .

This does not surprise me at all, and I do not understand that it surprises American intelligence. Bitcoin is suitable for such calculations and criminal structures are the first to appreciate it, while governments are trying to ban BTC.

[gotbounty]

So far, apart from the many positive sides of Bitcoin. there are also many negative sides of Bitcoin. One of them is the existence of illegal transactions that are used as payments for things that are not good. For example, terrorist cases, murder, or buying and selling drugs. This is why Bitcoin is still difficult to accept by some countries.

[I-Bit]

We cannot separate Bitcoin from illegal activities like we cannot separate money from illegal activities or crimes. What does it mean? this is about the world, people n the world and we can't obligate them all 24 jam hours. And that is why maybe there are many illegal activities still happen. Scammers, money laundering, hackers, and others. But in fact, this doesn't influence the use of BTC ad its value.

[alltalk]

You only view Bitcoin from a negative perspective and don't state the positive one at all. First of all, where you get the data to explain this bad side of Bitcoin? You don't enclose it here? Please show me where you get this news or data related to the illegal activities of Bitcoin.

Anyway, do you think only Bitcoin to use for criminal or illegal activities? NO, mate. Even fiats or traditional currencies are more than Bitcoin to use because they can be easier to use for many purposes. So, if you want to blame Bitcoin, you must compare it first to another one. Then, it can be fair enough!!

[UNIVERSE]

Can we make anybody in the world not doing illegal activities? the answer is now Whatever the rules and regulation, we cannot stop it. We only can stop if we can catch the people who do it. Well, just focus on what Bitcoin can give to us not what people are talking about the bad news of BTC

[Hisbullah]

Can we make anybody in the world not doing illegal activities? the answer is now Whatever the rules and regulation, we cannot stop it. We only can stop if we can catch the people who do it. Well, just focus on what Bitcoin can give to us not what people are talking about the bad news of BTC

I agree with you mate, illegal activities will happen bat every where . Not only bitcoin. Maybe It just negative issue to blame bitcoin. But Bitcoin is remaining bitcoin, I believe bitcoin will go stronger and more popular than now. Let's see.

[satpol_PP]

Can we make anybody in the world not doing illegal activities? the answer is now Whatever the rules and regulation, we cannot stop it. We only can stop if we can catch the people who do it. Well, just focus on what Bitcoin can give to us not what people are talking about the bad news of BTC

I agree with you mate, illegal activities will happen bat every where . Not only bitcoin. Maybe It just negative issue to blame bitcoin. But Bitcoin is remaining bitcoin, I believe bitcoin will go stronger and more popular than now. Let's see.

Yes I see many people always connected illegal activities to bitcoin. Hence, we heard rumours, bitcoin has misused by illegal activities. I think It just rumours to against bitcoin. We also see illegal activities used fiat money. So, be wise.

[Doctor]

So far, apart from the many positive sides of Bitcoin. there are also many negative sides of Bitcoin. One of them is the existence of illegal transactions that are used as payments for things that are not good. For example, terrorist cases, murder, or buying and selling drugs. This is why Bitcoin is still difficult to accept by some countries.

Yes, I think several countries still against bitcoin , they worry bitcoin will be used by illegal activities. But It just negative side. Everything technology have negative side. We must learn about positv side, block chain technology can be adopted

[Heron]

Bitcoin, the most popular cryptocurrency, is often considered to be a potential barrier breaker of the world's traditional finance. Comprising the largest cryptocurrency market share, Bitcoin nowadays is also facing the challenges of proper rules and regulations. As a result, criminals are using Bitcoin in their illegal activities, and it is being used as a source of funding in various dangerous criminal activities.

According to a review of financial studies that was published in 2018, among the total transactions of Bitcoin, 46 per cent are used for illegal activities every year, and the estimated cost is $76 billion. This amount is the same as the scale of the illegal drugs in the European and US markets. This study also suggests that Bitcoin conducts transformations of black markets as it is helping the black market to enable "black e-commerce".

In conclusion, it can be said that criminals will use Bitcoin continuously for their various illicit purposes. It is because this thing happens with all the assets. But it can be controlled by strong tracking and ensuring strict rules and regulations.

I agree with you, You are right that Bitcoin is used more in illegal activities. Many heinous crimes are committed with bitcoin payments. Bitcoin is used more on the black market. Very rarely used for good deeds. Thank you for the important information.

[Falcon]

Illegal activities using Bitcoin is not surprising in this kind of decentralized anonymous place. We are dealing here in untouchable asset and property that even the government have difficulties to track down the whole system. Good news because some countries are now in adoption stage if bitcoin is good investment in general aspect.