Bitcoin = Laundering | Bitcointalksearch.org

wnfmzm74

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Quote from: Memenya on January 10, 2018, 06:39:14 PM

Quote from: Sachinist on November 16, 2017, 08:51:35 PM

Scare tactics by bank and government. Bitcoin is the nuclear weapon to existing financial system. We are getting a lot of services to use bitcoin like fiat money. By the end of 2018, this will happen in most of the liberal world. Banks can shove their fiat.

If somebody said like that, i think they just want to scare people to not using bitcoin.
I think the bank is also scare with bitcoin existing. I dont know what the reason why people say that bitcoin is laundering.

Bitcoin is a blockchain-based "digital currency" that attracts a large number of fans because of its decentralization (not depending on a government) and its anonymity - and because of these characteristics , Frequently used by criminals.

laowang666

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I don't know why you have this in mind, I hold the COINS, but I'm also a legal citizen, I'm just holding the currency as a way of investment, I don't think this is money laundering

jostorres

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Quote from: Memenya on January 10, 2018, 06:39:14 PM

Quote from: Sachinist on November 16, 2017, 08:51:35 PM

Scare tactics by bank and government. Bitcoin is the nuclear weapon to existing financial system. We are getting a lot of services to use bitcoin like fiat money. By the end of 2018, this will happen in most of the liberal world. Banks can shove their fiat.

If somebody said like that, i think they just want to scare people to not using bitcoin.
I think the bank is also scare with bitcoin existing. I dont know what the reason why people say that bitcoin is laundering.

These all rumors are spread by bitcoin competitors in the market just to bring down the graph of bitcoin popularity, nothing else. The best thing we can do is to turn deaf ears to these illogical claims. Bitcoin is a great victory of common people and I don’t think so people will lose their interest in bitcoin.

As far as banks are concerned, they are nothing as compared to bitcoin. Bitcoin provides better services than banks.

aoihs00

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Quote from: bugsvanny on November 16, 2017, 08:40:29 PM

Some say that you cant claim or transfer your bitcoin to a bank because they will suspect you of laundering.

So if youre using Bitcoin, youre basically a laundering and a criminal Huh

I just want to understand if its any different or just similar. Thank you

What you will do by understanding our thoughts in first place if bank itself is considering that it is laundering and criminal act! Well, in the virtual world it is not the laundering and in the reality also it is as white business as forex or something bigger than that.

When we invest into bitcoin or any other crypto currency then the money which we invest is used for the basic development of the project and then what ever products and services are developed from our funds is used to generate the revenue in complete white way.

What ever we get in return is just our reward and nothing else. So I believe that its completely ok to invest.

numizmat

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A Swiss bank says it will offer its clients a cryptocurrency wealth management processes that are compliant KYC laws and anti-money laundering regulations: Crypto Wealth Management Service Launched By Falcon Private Bank - it is already gaining the support of the government, considering that the arrangement between the private bank and the cryptocurrency exchange saw the approval of Swiss regulatory bodies.

nydiacaskey01

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Unfortunately Bitcoins reputation is tainted with criminal activities such as money laundering and you know how the media always highlights those negative news about Bitcoins instead of helping Bitcoin achieve mainstream by reporting not only the negative news but also the positive ones. Here in my country, there were reports that there's a Bank that refused a client to open a new account because the client declared source of funds is through Bitcoin trading and other online opportunities that is paid using Bitcoins.

ethereumhunter

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I don't think that bitcoin is the same as laundering because I am sure that there are many people which using bitcoin for a good reason and they want to make money for their life. although I realize that in out there, the chance for people to use bitcoin for laundering is wide open especially they can buy bitcoin from the money and keep all the money in bitcoin. I think they want to delete their track record so the government cannot catch them.

Granslam

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It is one of the bitcoin's disadvantages the criminal actions made by some people and the made the other people so doubtful about bitcoins. That is also the reason why government are slightly against with it not only it lowered the use of fiat currency but thanks god im just a low ptofiled bitcoin user so less of being accused by laundering.

G2z_Riya

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Quote from: Bukx on January 10, 2018, 09:52:20 PM

Quote from: bugsvanny on November 16, 2017, 08:40:29 PM

Some say that you cant claim or transfer your bitcoin to a bank because they will suspect you of laundering.

So if youre using Bitcoin, youre basically a laundering and a criminal Huh

I just want to understand if its any different or just similar. Thank you

Some people opinon will not change that bitcoin is real investment and most people know that.
Bitcoin can not be sent to bank because bank not accept bitcoin.

We cannot deny that money laundering is no longer happening with bitcoin. But it happens very rarely, because when an user needs to cash it out, in one or other way user needs to make use of the bank where the respective transaction gets noted. So, money laundering is possible to some extent.

The_prodigy

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Quote from: bugsvanny on November 16, 2017, 08:40:29 PM

Some say that you cant claim or transfer your bitcoin to a bank because they will suspect you of laundering.

So if youre using Bitcoin, youre basically a laundering and a criminal Huh

I just want to understand if its any different or just similar. Thank you

there has been some issues with banks not just for the laundering per se but also due to some scams that people have used due to the popularity of cryptocurrencies in some countries. Which as it may they are making bitcoin a front to scam people.

WUUEX79

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Quote from: bugsvanny on November 16, 2017, 08:40:29 PM

Some say that you cant claim or transfer your bitcoin to a bank because they will suspect you of laundering.
So if youre using Bitcoin, youre basically a laundering and a criminal Huh

I just want to understand if its any different or just similar. Thank you

Hi bro, i've never transferred bitcoin to an ATM. Because before i transfer it to an ATM, i always exchange it first in the wallet online, and after everything is exchanged with fiat money. Then, i do it transfer to the nearest ATM account.

Bukx

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Quote from: bugsvanny on November 16, 2017, 08:40:29 PM

Some say that you cant claim or transfer your bitcoin to a bank because they will suspect you of laundering.

So if youre using Bitcoin, youre basically a laundering and a criminal Huh

I just want to understand if its any different or just similar. Thank you

Some people opinon will not change that bitcoin is real investment and most people know that.
Bitcoin can not be sent to bank because bank not accept bitcoin.

orions.belt19

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In my country, I've heard of some problems which arose in some banks who won't let people open accounts if it were found to be that their initial income came from bitcoin. This may be just a rumor, but it's true that when you have been funding huge amounts of money, you may be questioned or investigated for money laundering. The thing about bitcoin transactions is that it concerns huge amounts and this may raise skeptics or red flags for the authorities.

Of course it does not necessarily equate that bitcoin = money laundering. It may be used as a method for such, but this does not define bitcoin as a whole.

Advicerabi

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Quote from: bugsvanny on November 16, 2017, 08:40:29 PM

Some say that you cant claim or transfer your bitcoin to a bank because they will suspect you of laundering.

So if youre using Bitcoin, youre basically a laundering and a criminal Huh

I just want to understand if its any different or just similar. Thank you

my personal opinion, they should not have negative thinking for users bitcoin because not everyone in this world is bad people there are still many good people in this world that make money the right way.

Indeed using bitcoin criminals can easily perform financial transactions.This might be a bank or Government worried.

bitcoin is a technological innovation that benefits many people, very pity if it gets a bad nickname.

Maxre

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there is nothing to worry about because every country is different in its rules.
if indeed banks and governments in your country consider bitcoin as a money laundering tool and you are prohibited. until now I have never heard with a reliable source of bitcoin users in prison.
so continue your investment because it is just a news that can not be believed.

NerdYale

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BitSong is a decentralized music streaming platfor

Quote from: nakauten on January 10, 2018, 07:19:55 PM

There are banks that are starting to close some accounts that has cryptocurrency transactions,so just to be safe do not tell them what you really are.
But it doesnt mean you are a criminal owning some bitcoins.

Yeas I agree, I think silence is better. These banks are actually afraid bitcoin will defeat them in many ways so as much as they can, they will find ways to stop bitcoin from spreading, one is by scaring clients by closing accounts elated to bitcoin.

NerdYale

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BitSong is a decentralized music streaming platfor

I dont really think we can be called criminals already. Its just suspicion, thats why no ones really filing a case against bitcoin users yet. And in our country, invovlement in crypto is not illigal, so I cant really say im a criminal.

nakauten

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There are banks that are starting to close some accounts that has cryptocurrency transactions,so just to be safe do not tell them what you really are.
But it doesnt mean you are a criminal owning some bitcoins.

chukaday

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Not true you are a criminal if you are hiding other BTC somewhere else and or are trying to avoid paying taxes on the BTC you have gained. Other than this if you cashout BTC to your bank they should honor it and not freeze your account (obviously depends on your jurisdiction)

zorchy

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I can not agree that the role of beatcoin is played by laundering, what kind of crime is also present, but not as it was before. Wink

Topic: Bitcoin = Laundering (Read 2444 times)