Money Laundering is Less Than One Percent of All Bitcoin Transactions - page 2.

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Quote from: tomahawk9 on January 21, 2018, 12:53:41 PM

This is great, we can finally put a stop to all the news articles that keep refering to Bitcoin as a platform used to perform illicit transactions, but of course, this won't get enough attention on the media because it is actually a positive news for Bitcoin.
Nevertheless, I hope this helps attract more people into Bitcoin, especially those who skeptic about using Bitcoin because of its "reputation".

Indeed, mainstream media will ignore this kind of news, it's not good for the narrative they want to make the public believes always that they start talking about Bitcoins. What this media doesn't know is that it's a lost battle for them. In theory Crypto-Currency doesn't work (as media says), in practice everyone sees the opposite, the results are positive, so the public will try it and now, with this news, they have just more one reason to invest in Bitcoins, knowing they won't be in an ocean of fraudsters.

rampage101

member

Activity: 182

Merit: 10

This news is very positive should affect bitcoin. Quite a lot of people for whom the use of bitcoins by criminals (ostensibly) was a serious barrier to investment. I hope they read this article.

tomahawk9

hero member

Activity: 2086

Merit: 994

Cats on Mars

This is great, we can finally put a stop to all the news articles that keep refering to Bitcoin as a platform used to perform illicit transactions, but of course, this won't get enough attention on the media because it is actually a positive news for Bitcoin.
Nevertheless, I hope this helps attract more people into Bitcoin, especially those who skeptic about using Bitcoin because of its "reputation".

pixie85

hero member

Activity: 2184

Merit: 531

They're right and this statistic looks even worse when shown in numbers not percents. That 1% of transactions is what? 10 million USD in bitcoin laundered a day? At the same time at least 1 billion USD gets laundered around the world and in terms of global economy and all currencies together it's beyond comprehension. Yet they are all shouting that it's all Bitcoin's fault because it's anonymous! Wake up, it's not! There are real anonymous ways to launder money starting from Monero and ending with fake businesses.

bitvelk

member

Activity: 406

Merit: 10

Yes, today I also read this article, and I suggest that it be shown to all skeptics who justify the unreliability of bitcoin in that it is used by criminal organizations.

londoireng

member

Activity: 81

Merit: 10

That thing not really a problem afterall. Even if bitcoin not exist money laundry still happening.

mk4

legendary

Activity: 2870

Merit: 3873

📟 t3rminal.xyz

If the sources are true, then this is a punch in the face to those FUDsters who always claim that bitcoin is being used by criminals and or money launderers. Fuck those guys, honestly. I'm looking at you, Jamie Dimon.

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

https://cointelegraph.com/news/bitcoin-laundering-less-than-one-percent-of-all-transactions

Quote

A recent report from the joint Bitcoin analysis team of FDD and Ellicit, a Bitcoin forensics company, indicates that less than one percent of all Bitcoin transactions involve money laundering.

The report, written to help analyze the flow of funds and the danger of money laundering, has indicated that money laundering isn’t nearly the problem some critics of cryptocurrency believe. The report states:

“The amount of observed Bitcoin laundering [is] small and darknet marketplaces such as Silk Road and, later, AlphaBay are [generally] the source of almost all of the illicit Bitcoins laundered through conversion services.”

The report also indicates that the vast majority of illicit transactions using Bitcoin were processed in Europe, receiving more than five times as many illicit transactions as North America.

Topic: Money Laundering is Less Than One Percent of All Bitcoin Transactions - page 2. (Read 263 times)