Drugs are any substance that is somehow consumed by an individual with a temporary effect on their physiological and often psychological state of their organism. Drugs are often used for medical purposes, such as anesthesia or as cures for psychological diseases. Still, most drugs have strong side effects with addiction being the most important one. As governmental drug control is often very strict, drug consumers try to find other means of purchasing the drug they want. Internet dark markets offer them the opportunity to buy drugs with Bitcoin or other cryptocurrencies. The Bitcoin drug market is growing over time as more people get used to new payment technologies. Still, blockchain may be also used for developing legal drug purchasing systems. Blockchain technology may help with eliminating counterfeit drugs by recording all the information about licensed products.
With new technologies evolving, criminals find easier ways for illicit activities — that is the dark side of anonymity and decentralization.
Darknet, cryptocurrency and two intersecting health crises
The charges are reminiscent of events that took place during the "Silk Road" saga.
Crooked police chief sentenced to 8 years for dark web shenanigans
Two Costa Rican residents were charged for selling drugs worth $270 million on the darknet.
Darknet Vendor and Pharmacist Charged With $270 Million Bitcoin Drug Trade
The NCIS has seen an uptick in darknet purchases using Bitcoin. Blockchain analytic firms discuss procedures to combat crypto-related crimes, along with emergin...
US Law Enforcement Is Watching for Bitcoin Drug Purchases on Darknet
Afghanistan’s healthcare ministry and several local pharmaceutical companies will use Fantom’s blockchain to combat counterfeit drugs.
Afghan Government to Use Blockchain to Combat Counterfeit Drugs
Authorities across Europe take down an organized crime syndicate that used an encrypted chat network to coordinate their illicit activities.
Authorities Take Down Biggest Criminal Chat Network Yet
Thai authorities are cracking down on drug networks and the methods they use to launder their profits, including cryptocurrency.
Thailand Vows to Crack Down on Narco Profits Stashed in Commodities and Crypto