Now isn't it ironic, don't you think? A little too ironic.
Only a fool would believe these institutions would not launder money if they can. Just look at Western Union. Despite whatever regulation you may slap on, they will find a way to circumvent that. It seems the problem really is the corporate culture in these companies. That's why we really need a decentralized currency, don't let them touch our money.
Well, it's very ironic, if JPMorgan knew about bitcoin and how good it for money laundering, why didn't they use it?
That's the reason they got caught, and if they got caught, they probably are not so good at money laundering, so why would we believe them that bitcoin is being used to launder money.
It's pretty common now days, a big bank( which is a competitor to bitcoin), or a big organization, publish a letter that says "bitcoin is a fraud" just to temporarily lower the price so they can later invest it with a low entry price.
Where did I hear that "the only criminals are those that got caught".