Quote from: Lalafell on April 12, 2018, 07:12:26 PM

Quote from: MyBTT on June 06, 2017, 10:10:45 AM

Since Bitcoin was ever released, I've thought of the possibility of this. Will crimes be easily funded now due to bitcoin and it's anonymity? How do you think the authorities will combat this? Will this lead to a decline in the price of bitcoin? I've had this on my mind for a while now and I would like to hear your guys opinions.

I will be not very happy if this will happen or may be it is already happening right now. No one can't blame bitcoin because it is just money. It is the people that are evil and cryptocurrency is just a tool. It is not its fault that people took advantage and use it for crimes. I think what should the government to focus more is not to harass/ban bitcoin but to watch out the other ends of transactions. If bitcoin is used to pay for illegal firearms, the government should fence their ports for any shipment that will enter their country.

If those individuals were doing such henious crimes or there's a violations of the law, there's a hug problem when it comes to bitcoin as their fundings. However using it as a tool for the crime due to its untransparency behind encrypted transaction so far, I think its time to have it regulated and kyc upon withdrawal is needed to prevent those circumsrances to happen. Implementing strict regulation can ben effective ways on how to track those criminals hiding in cryptocurrency as well as bitcoin as concerned.