Topic: money laundering and cryptocurrencies (Read 358 times)

OP has a point. Money is just a tool. Money, in any form, from bank notes, to gold and diamonds, crypto currencies and whatever else will get invented, is not easy to track.
Only bank transfers can be - with some limits - tracked. But hey, also Bitcoin, in some limits, can be tracked too!

The point is, if somebody wants to use money, in any form, in a hidden way, IT CAN BE DONE (unfortunately!!)
And indeed, it may be easier to track the "evil" goods that are bough with that money.

Somehow I also feel the current anti-money laundering actions are made only to help out the banks, not really to do good.



I've lost my hope in politicians long ago, so yeah, I can tell it's not something specifically done against you guys, just they can't do better.
Currently I can clearly tell that most of the ones making the laws are (by far) not the best you can choose for that job. Unfortunately, whether it's democracy, monarchy, dictatorship, name it, none of them had best results in this. We need to evolve more, I guess...

It's probably because when bitcoin is being made by those transaction involving persons with devious minds which it can cause an uproar to the public due to the fact that bitcoin is decentralized so as the other alternative coins in the cryptocurrency world in which we cannot hide the fact the people with evil plans are taking full advantage of this.

Seems like things are being confused at each side. We all know that nobody is super clean when it comes to money laundering, including that super ideal Scandinavian countries. So there doesn't seem anything to discuss about that one. We should maybe think how it could be prevented.

The ignorance is strong on this one..

Terrorism is not the only reason of why we are always seeing money laundering on the US and specially on the countries of The East.

But why are you concerned about that? We all know that a lot of people have always been using bitcoin only for those purposes, just like the drug dealers who are always selling drug for bitcoin because it is almost untraceable.

And there is nothing new about money laundering, you can easily do it using a basic mixer and then you will have all your coins almost untraceable in there.

Those people really deserve to be in jail, and no one can discuss that, the problem is that how could you know who is a money launderer and who isn't?

I really doubt that terrorists make use of crypto on such a large scale, they have other systems in place that are far less trackable than crypto.
Islamic terrorists probably make use of the hawala system, which is pretty much untraceable.

I have read a few stories of terrorism being funded by Bitcoin, but it was pretty small scale actually.

First and foremost you must understand that terrorist need money to buy weapons and feed their soldiers and they get all those money from their sponsors, In order to fight terrorism, one first needs to track the money and currently bitcoin and the other cryptos are the easiest ways one can launder money and sponsor terrorism. The USA is not against bitcoins.

Listen to this, money laundering are always there. Cryptocurrencies are decentralized for real. It is just the person who use it that really matters. Do not put your hatred in this platform. This Platform doesn't care about politics and sociology. Today i want you to think positive and do anything that makes yourself optimized.

People have to find excuses to stop Bitcoin and this is just another one of those excuses. Does it happen? Yes, but also no. The statement that Crypto is used for money laundering is unclear which is the entire point of the statement.

I've heard that Tim Draper and Ian Balina have joined the Nucleus Vision team. Those are usually good signs for any token sale, but that said, you really think the project will take off? They got a big bite to chew, for real, and if you want total transparency, how are you going to reconcile data privacy concerns?

There will always be scams with any new value exchange system, especially one which guarantees the anonymity of the internet. But thankfully, BTC and ETH are still going strong, along with a handful of other altcoins. Since you've mentioned the decentralization of money, I think this can only happen in a completely transparent system, that's also geared toward mass market usage. Two projects on the Ethereum blockchain that could work out this way are AppCOins and Nucleus Vision. Their not based in the states, I suggest you check them out, although I'm not sure if it will be possible for you to participate in their token sales from Iran. You could find out on their Tgram group tho - https://t.me/nucleusvision

A bit for everybody surprises, Iran is considering regulate the payment and trading of Digital currencies as Bitcoin and others altcoins. This mainly to fight money laundering, criminality activities related to Btc and also to taxing the crypto market. Until now the Central Bank of Iran consideres the use of Btc illegal, but there wasn´t still no law from the government that forbidden the use of the digital coin.

You are accusing the US of thirst and hunger for power but I find it funny coming from a country which is well known for sponsoring terrorism worldwide. I think US should do more to track you and your Russian allies together with some dictators like Bashar al Assad which you support. You are the worst country in the world and you think you are a good one, your country is a joke, a bad one. Now this is the reply from a US citizen.

Bitcoin is a true decentralized system which surely will help its users along the way but if in the wrong hands , for example in any of your Ayatollahs means disaster. And Shia mosques are the worst in all the world and not the Saudi. Saudi is one of our biggest allies in the middle east.

I have been protecting myself from anti-American, anti-Western propaganda which I guess is a post WW II syndrome in my country, Iran, and believe me, it is a very hard agenda in its own as they (USA and EU) keep disappointing me and people like me in every single aspect.

Now it is about the fake anti-money laundry discourse that they have invented and are ruining the whole global economy by it.

They are crippy hypocrites IMO ....

They claim they can exterminate/control terrorism and crime by tracking money, while they already know it is a hype, a distraction to hide their deep centralization instincts, truly instincts and not some  political position, it is not politics, it is thirst and hunger, it is just about the same  old, deep, primitive  will to power and control that have been existed millions years before any form of politics and sociology.

You want to track terrorists? Go track guns, missiles and explosives you sell.  Go track shitty Saudi funded mosques in all over the  USA and Europe. You liars!

On the other hand, we have crypto-currencies like Bitcoin and Ethereum, that are building definitely a new level of justice and financial development that can fill the gaps and bring hearts closer in a very original, descent and innovative way for approaching to true globalization (in a humanitarian sense), eliminating the most fundamental factor of hatred, violence and terrorism, ultimately.

I think we should discuss this subject in the public sphere as the most critical challenge we have and will continue to have in our journey to the heights of financial development and justice.