NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Will Increasing Regulatory Scrutiny Reduce Bitcoin’s Criminal Uses and Encourage Adoption?

Cole Petersen
Cole Petersen
1 year ago
2 mins read
court onecoin crypto

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

In the past, the public has largely viewed cryptocurrencies – and Bitcoin in particular – as tools widely used by criminals that provide them with unfettered anonymity while they facilitate nefarious transactions on the dark web. Although the public’s perception of BTC and other digital currencies may have been altered slightly after the 2017 bull run that sucked new participants into the markets, the stigma still remains.

Despite this, increasing regulatory scrutiny may begin reducing the amount of illicit transactions that cryptocurrencies facilitate, and increasing regulatory requirements for exchanges may nullify their use as money laundering tools.

Dark Web Bitcoin (BTC) Purchases Continue to Grow Steadily

Over the past several years, Bitcoin has been the currency of choice for those looking to make purchases on the dark web, and many critics of the cryptocurrency incessantly claim that without the dark web, BTC would lose the majority of its utility.

Although the massive progress the industry has made over the past several years certainly serves as a testament to the fact that cryptocurrencies have far more and greater use-cases than simply making anonymous purchases, those looking to make purchases on the dark and unregulated recesses of the internet are still relying heavily on Bitcoin.

Nathaniel Popper, a New York Times journalist, recently conducted and compiled research on the scale of Bitcoin’s dark web use, and explained in a recent thread of tweets that despite several promising use-cases for BTC and other cryptos, nefarious transactions are still a large driving factor behind their adoption.

“But there are things to worry about. While online payments using Bitcoin declined last year, Bitcoin purchases on the dark net grew steadily, according to data pulled together for us by Chainalysis. Transactions related to theft and hacking grew even faster,” Popper explained, referencing a chart that shows the significant amount of money being sent to dark net markets each month.

But there are things to worry about. While online payments using Bitcoin declined last year, Bitcoin purchases on the dark net grew steadily, according to data pulled together for us by Chainalysis. Transactions related to theft and hacking grew even faster. pic.twitter.com/jaqtUJYz2w

— Nathaniel Popper (@nathanielpopper) April 23, 2019

Could Increasing Regulatory Scrutiny Shift These Transactions to Legal Markets?

Until recently, most major online marketplaces have offered users services like PayPal to facilitate transactions, but as Bitcoin’s userbase continues to grow, it is highly likely that more sites will begin accepting it as a form of payment – as the transactions are rapid and it would eliminate the expensive fees and operational costs associated with accepting credit cards.

Increasing regulatory scrutiny of the nascent markets may help drive adoption, as these marketplaces may grow more apt to accept crypto if the stigma surrounding its status as a tool for criminal is removed.

Just today, New York announced its first conviction for money laundering using cryptocurrency, convicting two male defendants for laundering nearly $3 million in sales of controlled substances over the internet. The two men pled guilty to the charges and are now facing up to 7.5 years of jail time.

It is highly likely that cases like this one will become common place as states and federal governments begin cracking down on illicit activity involving cryptocurrency, which will slowly but surely remove the negative stigma surrounding the bourgeoning technology, and will make large consumer-based corporations more hastened to accept it as a form of payment.

Featured image from Shutterstock.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

hyperliquid-vs-aster-accusation-complot-cz

Hyperliquid vs Aster : la vérité sur l’accusation de complot impliquant CZ

Hyperliquid et Aster ne se disputent pas qu’un narratif : ils se disputent la liquidité, les volumes et l’attention du...

guillaumev 6 hours ago
Ethereum Accumulator Addresses Inflows Explode: 400K ETH Added In 24H Despite Selloff

Ethereum Accumulator Addresses Inflows Explode: 400K ETH Added In 24H Despite Selloff

Ethereum is under pressure after sliding below the $4,200 level, with price now testing the $4,000 support zone. The market...

Sebastian Villafuerte 9 hours ago
New Wall Street ETF Hypes Market: Get Best Wallet as Your Personal Treasury

A New Frontier in Crypto Investing: GSR’s Treasury-Company ETF Proposal Lifts Best Wallet Prospects

The world of crypto investing is changing. Companies are shifting from solely token-based assets to more sophisticated, equity-backed exposures. In...

Aaron Walker 9 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum On-Chain Bloodbath: Rugs And Scams Erode Retail Confidence, What To Know

Godspower Owie 3 hours ago
Dogecoin

Analysts Predict Dogecoin Price Will Explode: Why The $1 Mark Is Inevitable

Scott Matherson 4 hours ago
11 Wallets Receive 295,861 Ethereum ($1.19B) From Major Institutions: Accumulation Or OTC Shuffle?

11 Wallets Receive 295,861 Ethereum ($1.19B) From Major Institutions: Accumulation Or OTC Shuffle?

Sebastian Villafuerte 6 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の展望 ― 0.30ドル到達と「買うべきミームコイン」論争

    ドージコイン 今後の展望 ―...

    10 hours ago
  • リップル 今後の展望:RLUSDステーブルコインがマネーマーケットファンドに統合

    リップル...

    11 hours ago
  • 仮想通貨プレセール動向:次世代ビットコインレイヤー2が資金を集める

    ...

    11 hours ago
  • テザーが5,000億ドル規模の資金調達を計画、今注目すべき仮想通貨おすすめ

    ...

    11 hours ago
  • 新しい仮想通貨のプレセールが250万ドル目前、投資家が急増中

    ...

    12 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.