WorksheetsBitcoin and criminals
Total questions: 10
Worksheet time: 5mins
According to the article, what percentage of Bitcoin transactions are associated with illegal activity?
25%
36%
44%
50%
Why is Bitcoin attractive to criminals?
It allows users to conceal their identities
It is the only digital currency available
It is not regulated by governments
It has no transaction fees
How did researchers trace illegal Bitcoin transactions?
By tracking IP addresses
By analyzing the blockchain
By following police reports
By interviewing criminals
What is one of the potential risks for Bitcoin users involved in illegal activities?
Bitcoin transactions are completely anonymous
Authorities can use blockchain data to identify users
Bitcoin can be easily copied and forged
There are no risks since transactions cannot be traced
What was the estimated value of illegal Bitcoin transactions per year?
$36 billion
$5 billion
$72 billion
$100 billion
What action did the FBI take against the illegal use of Bitcoin?
Banned Bitcoin trading worldwide
Created its own cryptocurrency
Shut down the Silk Road Dark Web marketplace
Partnered with banks to track Bitcoin transactions
What happens when criminals switch to alternative cryptocurrencies?
Bitcoin's illegal activity percentage decreases
Bitcoin becomes more valuable
Bitcoin transactions become untraceable
Governments increase Bitcoin regulations
What is the blockchain?
A private database controlled by banks
A public ledger that records all Bitcoin transactions
A secret code used for money laundering
A government-regulated payment system
How did researchers identify some Bitcoin users?
By tracking their social media activity
By monitoring high-profile Bitcoin seizures
By analyzing their spending habits
By hacking into their accounts
What could cause Bitcoin's value to decrease according to the study?
A rise in government support for Bitcoin
A decrease in illegal activity using Bitcoin
A shortage of Bitcoin miners
Increased usage of Bitcoin in legal businesses
