Australian Government: Bitcoin Is Causing Organized Crime to Proliferate

Australian officials and lawmakers have fasten themselves and have suggested that Bitcoins and other cryptocurrencies play a huge hand in expansion of crime. According to them, in recent years cryptocurrencies have been extensively used for criminal purpose transactions and even for human trafficking in very recent cases. They've reported about cases including transactions through Bitcoins on gambling sites. The officials suggest that due to anonymous behaviour of cryptocurrencies it is almost impossible to trace the transactions and also there's no central body or organisation to govern these transactions which increases it's potential for criminal usage. Do you think Australia will eventually just outlaw bitcoin? What do you think about their opinion toward organized crime and bitcoin facilitating it?

Published on : 2017-08-30 15:05:39