We all know that the tech behind BTC. But with something great comes something that always proves to be a con.
In India, a recent case suggests that a man was kidnapped and the demand for his release was 20 BTC.
This event took place in June 22nd. The case was leaked recently... Back than the the price of one BTC was $3200 or somewhere between that. That is about 200'000 INR.
Today btc crossed $9000 and that values to 540'000+ in INDIA.
It's not something new, but the only thing new is "BTC". If not BTC, their demand would be INR.
But, will BTC give rise to more illegal activities? Not that there haven't been any, but how far can the illegal activities be pushed with the use of cryptocurrencies.?
The facts are far beyond what we think. Cryptocurrencies give easier access to illegal activities and there is no stopping them.