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Bitcoin: What You Need To Know

Not tied to any government or backed by any international bank, this digital currency can be used to purchase goods and services online. Bitcoins are untraceable digital currency, which is appealing to human traffickers, drug pushers and arms dealers who operate in the illicit markets. The global illicit flow of goods, guns, people, and natural resources is estimated at approximately $650 billion and the large majority of the illicit economy is conducted online. Bitcoins allow traffickers to anonymously buy and sell women and girls for sex without the fear of legal repercussions.

The first Bitcoin Brothel recently opened up in the United Kingdom, claiming that they turned to bitcoin as a currency when their clients were having problems with the lack of anonymity caused by credit cards. Bitcoins are used to pay for everything from drugs to sexual services and users willingly accept the highly volatile currency exchange rate f