Fiat vs Crypto in money laundering - page 5.

poodle63

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Quote from: Refrumatrix on July 14, 2020, 04:29:45 PM

Hi guys I just want to share a short prove showing that Fiat is been used more in money laundering schemes than crypto and if people attacks you with crypto's being used to launder money. Refer them to this article on ccn
Fiat Money Outpaces Bitcoin 800:1 for Money Laundering

https://www.ccn.com/fiat-money-outpaces-bitcoin-by-8001-for-nefarious-activities-report/

Fiat has already exist before crypto and crypto is touching its 1 decade this year and people who blame crypto caused by money laundering never try to see the fact. They were the crypto haters.
That's a lot of ration between fiat compared with crypto.

serjent05

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It is a no brainer because fiat is being used by all people while crypto is being used by just a small fraction of the global population. There is only one conclusion to derive from this. Criminals will use all means to take advantage of the existing system for their own gain.

Quote from: Refrumatrix on July 14, 2020, 04:29:45 PM

Fiat Money Outpaces Bitcoin 800:1 for Money Laundering

You should also consider the ratio of the population using cryptocurrency and fiat in using this kind of comparison. It is fairer that way.

bttmember

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Quote from: Refrumatrix on July 14, 2020, 04:29:45 PM

Hi guys I just want to share a short prove showing that Fiat is been used more in money laundering schemes than crypto and if people attacks you with crypto's being used to launder money. Refer them to this article on ccn
Fiat Money Outpaces Bitcoin 800:1 for Money Laundering

https://www.ccn.com/fiat-money-outpaces-bitcoin-by-8001-for-nefarious-activities-report/

Obviously fiat is involved in all the crimes and the ratio is the highest everywhere but also keep in mind that fiat is everywhere, everyone has it, its circulation and use is in hundreds of trillions of dollars daily so obviously it will stay the biggest component of crime as well.
I think with global regulators like FATF jumping in crypto will also be monitored for crimes and money laundering like fiat so all good.

Refrumatrix

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Hi guys I just want to share a short prove showing that Fiat is been used more in money laundering schemes than crypto and if people attacks you with crypto's being used to launder money. Refer them to this article on ccn
Fiat Money Outpaces Bitcoin 800:1 for Money Laundering

https://www.ccn.com/fiat-money-outpaces-bitcoin-by-8001-for-nefarious-activities-report/

Topic: Fiat vs Crypto in money laundering - page 5. (Read 621 times)