Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin be used to support terrorists?
by
Cryptosaphire18
on 05/04/2018, 10:24:37 UTC
As you later came to your senses, bitcoin is actively used already at present with the purpose of money laundering, arms purchases and much much more
Sad to say but yes i agree that bitcoin is actively used already by terrorist recently as i saw in one of the news online. Because bitcoin transactions can be completed anonymously, the virtual currency is an ideal way for criminals (including terrorists) to hide their financial transactions from government agencies and law enforcement.Bitcoin can be sent anywhere, converted into cash, and deposited in banks. It’s as if cash was made invisible in one location, secretly taken to another location undetected, and then made visible again.Terrorists can then use the cash they get from their converted bitcoin to buy weapons, clothes, food, pay rent and cover their other expenses.