Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin being used for illegal activities
by
Dudeperfect
on 01/12/2016, 11:46:31 UTC
My goverment forbid bitcoin usage because it can be use for money laundry  ( advantage for terorism activity )
So it has small chance for my goverment for bitcoin usage as the result bitcoin popularity can't grow like EU zone
I think only a few politicians in a country know about bitcoin, I think even though they knew about bitcoin, they certainly will not take the risk to launder millions of dollars in bitcoin because it is very risky

This is something that is same in little bit low or high levels but no government would like to allow or promote any activity which might cause the loss of their control from the financial infrastructure of the country. Bitcoin is very powerful technology and thus it has the potential to sustain on its own so there will be no governing authority for regulation and that might also prove beneficial for illegal dealers.