Drugs, assassinations, child abuse, prostitution and much more are some of the notorious services that can easily be availed through bitcoin payments. Since 2011, bitcoin has been the de facto currency of the Dark Web, a platform where different marketplaces exist that provide various unethical and unconventional services.
Bitcoin as the payment instrument over dark web, gets plenty of negative coverage among both the mainstream public and the authorities. This can easily be stopped by bringing down dark web, the real culprit behind bitcoin’s falsely made bad image. Speaking to BlockPublisher, partner and co-founder of BX3 Capital Investment Advisory, Kyle Asman condemned these use cases and said;
Unfortunately the transactions involving Bitcoin cannot be stopped, but the marketplaces that allow people to sell illicit goods and services can be shut down. Authorities need to be going after those platforms in order to shut down the fraud and manipulation that is occurring.