By Somdutta Singh
One more downside is because you don’t have to reveal your personal info while transacting, the doubt of fostering suspicious business arises. Lawbreakers and cybercriminals have constantly been using Bitcoins as there’s no way to link the money back to them. I was reading an article on how the popularity of this virtual currency in organized crime is being deemed as one of the chief factors in its rapid increase in value. In an opinion piece, Jason Bloomberg said that “The only reason Bitcoin has value to anyone is because of the underlying value as a medium of exchange for lawbreakers. If we could flip a switch and eliminate all illegal uses of Bitcoin, there would be nothing left of the cybercurrency.”
Read the entire article at https://community.nasscom.in/community/discuss/analytics/blockchain/blog/2018/02/19/bitcoin-a-look-at-the-digital-currency-are-you-missing-out-on-something