Cryptocurrency in the black market

[Trey]

I think with the openness and transparency of cryptocurrency transactions, it is a little harder to use it for illegal activities when you compare it to fiat currency.

 

[James]

Yes you are right and many people use it for illegal kind of stuff as you can't track them and nobody knows where money is going from one person to another person and also you can't get back money if scammed by someone.

 

[Jonaville]

The black market is an illegal trading site where people exchange goods and services for a specific amount of money and generally these are not of a nature that can be allowed by the law. As a result cryptocurrency has become increasingly popular on the black market and people are able to transact with each other without revealing their identity to each other. This anonymity is provided through cryptocurrencies.

However this is also the concern when it comes to cryptocurrency because it is being used for illegal actions. This is extremely dangerous and it is one of the reasons why the government is not willing to accept it. What are your thoughts on how cryptocurrency is being used within illegal trades?

Not all of them are being used for illegal actions but the majority of them have been used for illegal actions and this is why we should be very careful in the cryptocurrency world