Is it true that bitcoin is used for illegal activities?

[uptrendfinancialsignal]

You will recall that so many countries choose to ban cryptocurrency most especially bitcoin due to the fact that it is used for scandalous activities. Some terrorist group also use cryptocurrency to receive funds from external sources which is why the government are sceptical about it.

 

[Reedex]

It is very correct that bitcoin is used for illegal activities and that is why people are sceptical about its adoption.

 

[flower]

In some countries bitcoin has been used to sponsored terrorism and that is why it was claimed to be used for scandalous activities.

 

[Reedex]

In some countries bitcoin has been used to sponsored terrorism and that is why it was claimed to be used for scandalous activities.

In my country the government accused bitcoin of being used as payment to fund terrorism.

 

[SHAHID987]

In my country Bitcoin is also banned, I don't know the exact reason but everything do has its positive and negative both aspect. its us who decide what to select.

 

[flower]

In my country Bitcoin is also banned, I don't know the exact reason but everything do has its positive and negative both aspect. its us who decide what to select.

Majority of the people would want to hide under the umbrella of bitcoin to perpetrate illicit activities.

 

[Blessed19]

You will recall that so many countries choose to ban cryptocurrency most especially bitcoin due to the fact that it is used for scandalous activities. Some terrorist group also use cryptocurrency to receive funds from external sources which is why the government are sceptical about it.

Well I can not despise such a claim as if the government says such a thing does happen then you all should know that they have a great Intel on it and to why they made such a claim that it is being used for such activities. The thing and reason why it is being used is the fact that it cannot be monitored by the government and again those sending Bitcoin to aid terrorists will not and can not be known by the government also.

 

[Yohanna]

Majority of the people would want to hide under the umbrella of bitcoin to perpetrate illicit activities.

There are a lot of activities that are done illegally using the Bitcoin as a source of fund.

 

[Clandestine]

Every good thing always have a negative application for people that want to use it to do evil.

 

[nomad]

When it comes to funding illegal activities, even fiat currencies are used. So, it is not just bitcoins, all sorts of money are used for illegal activities.

 

[eldavis]

Yes there have been lots of cases like this. Since it cannot be traced, a lot of hackers and people into illegal activities makes use of it.

 

[Ratine]

For me l have never encountered such a thing for sure and l have no information about that

 

[fcbetting]

Anything annoymus is used for illegal activites. Even some legal stuff can be used to like delivery service. When control start open package, there was a lot of drugs but everything was legal. Apps which don't share data with 3rd party service are often used for illegal activities.

 

[IB D]

The same way that even the United States dollar is also used for illegal activities by evil people, it is also possible that these evil people can he using bitcoin for illegal activities.

 

[Passiveearner]

Yes, Bitcoin is used for illegal activities in many ways. However, Bitcoin transactions could still be traced in an efficient manner, even though it is quite difficult to do so.