According to Australian studies, 47% of all bitcoin transactions happen on the darknet. And, of course, involve criminal activity.
Cryptocurrency is ideal for illegal operations, providing the necessary level of anonymity. Tracking a wallet's owner is extremely difficult, despite the fact that in the blockchain everything is transparent and open. Such a paradox. Basically, cryptocurrencies give carte blanche to the outlawed.
Thus, according to an FBI report, the turnover of the previously mentioned "Silk Road" amounted to 9.5 million bitcoins (about 1.2 billion dollars). And that's just for the two years of the website's existence. Of course, the bitcoin price at that time was far from the present, but after all, "Silk road" is not the only black market: one disappeared, but others showed up.
One can say the digital money with its anonymous transactions creates an ecosystem where the shadow Internet and illegal trade can prosper.
Indeed, there is much to think about.
No there isn't. You must be new here. We use cryptocurrencies to buy illegal stuff. Film at 11.