Topic: Bitcoin = Laundering - page 9. (Read 2446 times)
It's only laundering when you are getting your bitcoins from illegal transactions like offering false transactions just to get possesion of others bitcoin or money and things. Well regardless this are just false accusations made by some in order to promote bad image of bitcoin to the public. There are some country who are not even intervening in the transaction of bitcoin but are imposing some regulations in order to prevent illegal transactions.
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
I just want to understand if its any different or just similar. Thank you
Yes, unfortunately it's true. Banks are very suspicious of include people who work with bitcoin. So if youre using Bitcoin, youre basically a laundering and a criminal
I just want to understand if its any different or just similar. Thank you
why did they transfer bitcoins to a bank, I don't think banks will accept bitcoins
It seems like some of the posts in this thread are basically beating around the bush, and missing the most obvious point:
Any form of payment can be used to launder money... You can use cash to launder money, you can buy diamonds, gold, silver with illgotten gains to launder your money, you can launder your money by using online bank accounts in the cayman isles, you can buy prepaid cards with stolen money to launder your loot,...
Bitcoin isn't the problem, in most country's bitcoin isn't illegal... It's the act of laundering money that's illegal, it doesn't matter which medium you used to do this illegal act, be it bitcoin, cash, gold, silver or online banks...
So, if you ARE in fact laundering money, you will always have somthing to fear... If you are not laundering money, and you're not living in a country where bitcoin is illegal (and preferably a country with a working juridical system), you have nothing to fear... Sure, they can look into your transactions, but if you did nothing wrong, the worst thing that can happen is that your governement invades your privacy.... for me that's a big deal, but it will certainly not get you thrown into jail.
Any form of payment can be used to launder money... You can use cash to launder money, you can buy diamonds, gold, silver with illgotten gains to launder your money, you can launder your money by using online bank accounts in the cayman isles, you can buy prepaid cards with stolen money to launder your loot,...
Bitcoin isn't the problem, in most country's bitcoin isn't illegal... It's the act of laundering money that's illegal, it doesn't matter which medium you used to do this illegal act, be it bitcoin, cash, gold, silver or online banks...
So, if you ARE in fact laundering money, you will always have somthing to fear... If you are not laundering money, and you're not living in a country where bitcoin is illegal (and preferably a country with a working juridical system), you have nothing to fear... Sure, they can look into your transactions, but if you did nothing wrong, the worst thing that can happen is that your governement invades your privacy.... for me that's a big deal, but it will certainly not get you thrown into jail.
What Op has mentioned happens with the user who doesn't have a good understanding about bitcoin as well the technology behind it. Can't deny that it is not used for laundering, but not every user does it. Also banks doesn't have a separate eye over them that they are laundering through bitcoin.
I want to hodl until the day we don't have to change back to fiat, where I can buy everything I want directly with crypto.
When will it be?? I think still long time later. But good also to hold bitcoin since the price is higher.
If we talk about chrime in bitcoin, i just thinking why bitcoin is always related to bad thing by some people? I think bank also scare if bitcoin exist and replaced their exist.
Some say that you cant claim or transfer your bitcoin to a bank because they will suspect you of laundering.
Most of the banks are not even accepting bitcoin to their services. No Bitcoin is not laundering. Bitcoin is a crypto currency. So if youre using Bitcoin, youre basically a laundering and a criminal
NO, there are no reasons to be a criminal while using Bitcoin. Except if you're in a country that bans bitcoin.
In my country, bitcoin was denied, you cannot pay bay bitcoin
if you transfer cash in your bank you have a higher chance of being busted for laundering money that when you do it with bitcoin. with bitcoin at least there is a very clear trace and nobody can say otherwise because the transactions are out there for everyone to see!
you can not hide when using bitcoin but you can hide when using cash.
of course if you transfer $100,000 worth of bitcoin in your bank account every day, then you raise red flags!
you can not hide when using bitcoin but you can hide when using cash.
of course if you transfer $100,000 worth of bitcoin in your bank account every day, then you raise red flags!
Yup! all of the provided answers are all correct, and banks are definitely against Bitcoin, I don't think bitcoin as a laundering scheme but it can definitely use by some people or criminals for their own laundering scheme, that is why the banks doesn't allow you in using bitcoin for transaction, but even if there are banks that are against bitcoin in our country there are banks that let's you withdraw your bitcoin converting it to fiat,
In many countries exchanging bitcoin or accepting/paying bitcoin for goods is legal and if you are not spending lots of bitcoin everyday there or not exchanging millions of $ worth of bitcoin at very short period of time than you will not be charged for money laundering. Its quite hard to find out the source of your bitcoin so government might just flag all of your bitcoin being involved with some criminal activity. This is one of the reason why many underdeveloped country still consider bitcoin as illegal assets.
It depends upon the country in which you live.If you are in japan,then you need not have to worry about holding bitcoins as it is legalized there.You would be just charged tax for that and you will not be treated as a criminal.But if you live in countries like bangladesh,equador where bitcoin is illegal,then you will be charged with a money laundering case.Unless you live in such bitcoin banned countries,you have nothing to worry about.Just pay the taxes once bitcoin gets legalized regulated in your country.
Worry about it if/when it happens. I’ve never declared a dime to the tax man when I’ve sold bitcoin. Even if you do get caught the fine will be nothing near how much you’ve actually laundered 
Some say that you cant claim or transfer your bitcoin to a bank because they will suspect you of laundering.
I think it depends on the amount, and on country of operation. Cash is also anonymous and may be used for money laundering, although for small amounts. You may look at verification requirements and corresponding withdrawal limits at exchanges. Small amount do not raise suspicion.
If you dont have more than 10 bitcoins then why are you worried about laundering? Maybe you dont even have 20 thousand dollars and you are worried about how to withdraw those funds.
Obviously that they can start to suspect about you, but bitcoin is legal, and if you tell them that you are earning money through them they will just put you a little taxes (just like they always do) but you are not going to go jail, i dont know why some people say that you can go to hell just by holding some bitcoins, it just makes no sense.
Obviously that they can start to suspect about you, but bitcoin is legal, and if you tell them that you are earning money through them they will just put you a little taxes (just like they always do) but you are not going to go jail, i dont know why some people say that you can go to hell just by holding some bitcoins, it just makes no sense.
I am not afraid I will be suspected of doing money laundry, because I am only a small player and my income from bitcoin is still normal for income in my country 
I want to hodl until the day we don't have to change back to fiat, where I can buy everything I want directly with crypto.
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.
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
I just want to understand if its any different or just similar. Thank you
So if youre using Bitcoin, youre basically a laundering and a criminal
I just want to understand if its any different or just similar. Thank you
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