Post
Topic
Board Bitcoin Discussion
Re: Early signs of crime with bitcoin.
by
avikz
on 17/12/2020, 04:41:10 UTC
When the world is gradually accepting bitcoin, the already made bitcoiners are using those little opportunity to commit various crimes with bitcoin.
  A Russian was sentenced to French prison for bitcoin laundering.
 Source : https://apnews.com/article/cryptocurrency-paris-money-laundering-bitcoin-russia-61b5109e954f494b80d51c452b3b18e2
It is also said that this is not his first crime using crypto currency.
 This are one of the reasons crypto is still rejected .
 What are your thoughts on these?.

Can't deny the fact that bitcoin is used in many crimes worldwide, especially in darknet for drug or arms trade. Even criminals were using it for internal transactions! For money laundering, bitcoin and XMR has become a major tool for the criminals. Recently a Chinese man was caught in India who has been using bitcoin since last 3 years to launders millions of dollars. So this is a real threat!

Probably that's one of the major reasons why bitcoin is still not legal in many countries. But sadly, there will always be such people around us who will make illegal use of anything. These can't be uprooted, unfortunately!