Q. Is bitcoin useful for illegal activities?
bhumik

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Is bitcoin useful for illegal activities?


9

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18

Feb, 2018

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      0.46 q
  • lagartijo

    Really, this is its only utility, now, i think


       

    answered by

      0.96 q
  • ajinkya1396

    The Costa Rican Central Bank announced that bitcoin and cryptocurrencies are not consider currencies, and are not backed by the government nor laws.


       

    answered by

      4.8 q
  • roman

    yes like many cryptos. but more importnalty also like normal cash (fiat), normal cash has been used since its formation for crime and illegal activities and continues to this day. so this stigma of illegal activities for bitcoin needs to stop. it sno different.


       

    answered by

      2.5 q (claimed)
  • keith

    Very likely.
    The “bad guys” are likely always at the forefront of technology.
    Which helps with adoptions ;)


       

    answered by

      29.52 q
  • highhopes

    BTC is useful to make global transactions easily.
    Safe, secure and secret not anonymous method of transactions.

    USD/Fiat or Crypto, both currencies fulfill the role of transactions even for illegal activities.

    But the difference is, Crypto or BTC :
    1. Easy to Handle
    2. Easy to Transfer
    3. Global Acceptance
    4. Safe & Secured
    5. Transparency
    6. Transfer Rate Fast
    7. No intermidiary agent
    8. Peer -to -peer
    9. Decentralised
    10. No Govt RInterferance.


       

    answered by

      76.27 q
  • mefjiu

    There are other dash cryptocouves that are more anonymous.


       

    answered by

      38.63 q (claimed)
  • awad7

    Yes, as the user is not traceable.


       

    answered by

      48.21 q

Asked in Category

Bitcoin

One among the 700 other, is the bitcoin, which was the first ever of its type. Bitcoin is a form of cryptocurrency that is not regulated by the government. Cryptocurrency is a market that is nearly a decade old and in its early stage. There can be many benefits of using a cryptocurrency but along with that comes the risk involved, that one must not forget to consider. It is believed, "like the internet, bitcoin will change the way people interact and do business around the world".

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