Topic: bitcoin and money laundering (Read 9494 times)
wow, this is deep bro. I never thought about this but, good to know
For some Politician in other country who have weak law , bitcoin is another option to hide their money.
They can keep it in cold wallet and they can ask bribe with bitcoin not cash money.
They can keep it in cold wallet and they can ask bribe with bitcoin not cash money.
BTC has a long way to go to become a most laundered money. USD is the most laundered money, however, it is still legal tender.
The public blockchain require laundering. Businesses also have to hide their transactions/sales/customers/supply and so on to competitors.
The thing is the P2P solution is pure laundering. Too perfect to be legal. I think banks will launder your money, you put in a big jar and they give you back what you need. The authorities will connect the dots with the internal database of the bank.
The thing is the P2P solution is pure laundering. Too perfect to be legal. I think banks will launder your money, you put in a big jar and they give you back what you need. The authorities will connect the dots with the internal database of the bank.
Btc could be used as a good method the launder money in and around the world without anyone's notice,being a no centralized online currency no body is there to question how much of money you move through and over this system 
The blockchain is a permanent, unquestionable record. If you are not really careful, you may end up disclosing your identity.
because bitcoin is included in the financial transactions it is possible bitcoin can be made illegal transactions such as money laundering practices, plus more on bitcoin wallet there is no clear identity, in addition to the admin who hold it, so that when used as a wash bitcoin wallet money, it will be very difficult to track the process and who did it ... 
Can you give some proofs to prove it?
proof? didn't you heard about silk road and silk road 2 that blackmarket used bitcoins in their transactions, most of those transactions are drugs and illegal things.
Can you give some proofs to prove it?
Money laundering is going to keep happening no matter what currency is being used
I think not only bitcoin can be used for money laundering, almost all of currency of this world can be used for money laundering, it's depend on the person who used the currency, hopefully bitcoin and all of the currency in the can be used not for illegally like money laundering ...
Btc could be used as a good method the launder money in and around the world without anyone's notice,being a no centralized online currency no body is there to question how much of money you move through and over this system
yes, that's the reason why the Government wants to ban BTC
Laundering and tax evasion are reasons, but the primary reason is control over the economy.
Btc could be used as a good method the launder money in and around the world without anyone's notice,being a no centralized online currency no body is there to question how much of money you move through and over this system
yes, that's the reason why the Government wants to ban BTC
Btc could be used as a good method the launder money in and around the world without anyone's notice,being a no centralized online currency no body is there to question how much of money you move through and over this system
The seller would not be doing anything illegal (except not checking the buyer's ID). The buyer would likely be willing to pay for the privacy because they intend to do something illegal with the BTC.
As long as there is no legal requirement to check the buyer's ID, I guess the seller should be safe.
That is strange. It is usually the buyer who has to verify ids (to ensure that there is no tax evasion). But each jurisdiction will have its own rules.
The seller would not be doing anything illegal (except not checking the buyer's ID). The buyer would likely be willing to pay for the privacy because they intend to do something illegal with the BTC.
As long as there is no legal requirement to check the buyer's ID, I guess the seller should be safe.
That is strange. It is usually the buyer who has to verify ids (to ensure that there is no tax evasion). But each jurisdiction will have its own rules.
The seller would not be doing anything illegal (except not checking the buyer's ID). The buyer would likely be willing to pay for the privacy because they intend to do something illegal with the BTC.
As long as there is no legal requirement to check the buyer's ID, I guess the seller should be safe.
That is strange. It is usually the buyer who has to verify ids (to ensure that there is no tax evasion). But each jurisdiction will have its own rules.
The seller would not be doing anything illegal (except not checking the buyer's ID). The buyer would likely be willing to pay for the privacy because they intend to do something illegal with the BTC.
As long as there is no legal requirement to check the buyer's ID, I guess the seller should be safe.
The seller would not be doing anything illegal (except not checking the buyer's ID). The buyer would likely be willing to pay for the privacy because they intend to do something illegal with the BTC.
As long as there is no legal requirement to check the buyer's ID, I guess the seller should be safe.
Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.
Local Bitcoins then?
LBC users are in no way at all required to comply with AML regs any more than the seller of a used car is required to do so.
Fine.
Where's the beef?
Show us the links!
And please tell us just how a transaction which might appear to be illegal on it scae compares with a perfectly legal transaction between two ordinary citizens.
oh
It's "were" not "we're".
Should be wary of buyer paying 30% premium.
I doubt if the seller is doing anything illegal here.
Money laundering is a problem with cash too.
Yes many Countries with very stick laws unable to stop this and bitcoin is also very good and easy way for this Jump to: