Bitcoin is the perfect currency for terrorists

One of the latest tools terrorists are using isn’t a new kind of bomb, gun, suicide vest or other device that can kill and maim. The tool is bitcoin, the virtual currency created and exchanged using a decentralized network of computers, without the involvement of government and banks.

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.

  • Jay Currie

    I’d be a bit skeptical about the anonymity,

    The real advantage crypto offers to terrorists and crims of various sorts is that it bypasses the conventional banking system where there are various checks to see where funds are coming from. Not quite the same as anonymity and even more useful. Faking up an id is pretty easy for the underworld and that is really all that is needed to move value in crypto.

    • Bitcoin may give the illusion of reality right now.

      Bernie Madoff did for a while too.

      But all Ponzi schemes crash, sooner or later.

      Bitcoin will go down.

  • vwVwwVwv

    Crypto is good for tax evasion no wonder the Mob and Terrorists will use it.
    It’s a Question of time when so many fake Bitcoins an co. are around that
    no body will trust them. I am even not sure if making fake cryptos is a crime.