Cryptocurrency indirectly supports criminal activities?

[Chomzzy]

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?

[Zed0X]

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.

[Moshaid]

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.

[MOProgress]

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.

[nakmantu99]

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

[MVT$]

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.

[napster]

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.

[Coin63@]

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.

[this-website-is-bitch]

If it is true, the fiat money also indirectly support criminals too and even more deeply.

[ivanleon]

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.

[carcas]

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.

[PreshB]

I  doubt  if  this  is  true  because  cryptocurrency  is  very  transparent

[Hope4life]

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.

[vycl87]

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.

[Irish]

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.