yes it is true, before bitcoin there have been many crimes that have arisen. Bad people are to blame because the evil ones will always find a way to do the action. Even though the rules are made, security is doubled if bad people will find ways to do evil.
Banks from the past until now are still a favorite place for criminals to save their money, because the bank closed the eyes of where the money came from. The bank always calculates with profit. While bitcoin emerged 10 years ago, where users were still small compared to bank users, so many money laundering players kept their money in the bank. 
Topic: Money Laundering started with banks not bitcoins. (Read 952 times)
Whatever is used as means of 'money', it's used to launder money. Bitcoin is new and misunderstood, so people like to take hit on it.
That is a myth, bitcoin is not misunderstood those that are very powerful know very well what it means that bitcoin becomes powerful, they will lose control of the economy and they do not want that, so they are making an effort of spreading lies about this new coin which they know could be tell about fiat as well, but they do not care, because people are naive enough to believe them.
In General, scammers have always existed in all spheres of human life. In addition, it has long been known that bankers launder money and practically make money out of thin air. We can also assume which way this happens. Do not worry about the bad opinion of some people about bitcoin, because this is quite an expected phenomenon. People are afraid of what they do not know, so it is easier for them to find a reason not to communicate with the cryptocurrency than to study the market and move along with progress.
Before starting bitcoin journey money laundering was a common phenomenon in banking systems.why people Mark money laundering in bitcoin instead of banks.
Money laundering have been happening long before cryptocurrencies are created. These money involves dollar and other well known currencies in the world and it is yse mostly by drug cartels, terrorists and other criminals. Cryptocurrencies like bitcoin are the latest target of some money launderers because its transactions is said to be anynomous. But the money launderers might also face a problem with its high volatility and rapid price fluctuations.
money laundring is activity to hide the origin of fund via many transaction, so they think if that money from legal activition. yes, people start laundring their money from bank, impossible when they transfer much money via person to person, bank is the best media to do it. as time go by, bitcoin more popular and your information is secure, so bitcoin can be media to laundring their money. you can said that bank start it, but it can said that bitcoin make it easy
The people in Banking industry have long associated Bitcoins with money laundering, from calling it a bubble to linking it to terrorists money they did everything in their power to destroy bitcoins. Today it's been proved that money laundering happens due to banks, was happening before bitcoins came. Deutsche Bank has been raided for money laundering, and it's pertinent to note bankers from this bank had said bitcoins is used for money laundering. It proves that fiat money is and always will be used for money laundering, it's time to stop the witch hunt against bitcoins. #ItrustBitcoinsoverBank.
Link: https://www.newsbtc.com/2018/11/29/bitcoin-is-criminal-money-says-the-media-while-deutsche-bank-gets-raided-for-laundering/
Link: https://www.newsbtc.com/2018/11/29/bitcoin-is-criminal-money-says-the-media-while-deutsche-bank-gets-raided-for-laundering/
I am agree with you. Laundering is not started in cryptocurrency. Because cryptocurrecy is started recently and before it start laundering is widespread. Before they invented a virtual money they first use fiat. Well, I think Bitcoin can use in money laundering is because we can earn a money from it. People can use it as a tool to do some illegal activities freely.
yes it is true, before bitcoin there have been many crimes that have arisen. Bad people are to blame because the evil ones will always find a way to do the action. Even though the rules are made, security is doubled if bad people will find ways to do evil.
well, bitcoin is always used as an excuse for money laundering. however, many people don't realize that before there was bitcoin, money laundering was also often done. besides that there are still many methods that are carried out for money laundering. well, but I don't know, that has become a common thing.
this is a great new. thank you for your sharing
The people in Banking industry have long associated Bitcoins with money laundering, from calling it a bubble to linking it to terrorists money they did everything in their power to destroy bitcoins. Today it's been proved that money laundering happens due to banks, was happening before bitcoins came. Deutsche Bank has been raided for money laundering, and it's pertinent to note bankers from this bank had said bitcoins is used for money laundering. It proves that fiat money is and always will be used for money laundering, it's time to stop the witch hunt against bitcoins. #ItrustBitcoinsoverBank.
Link: https://www.newsbtc.com/2018/11/29/bitcoin-is-criminal-money-says-the-media-while-deutsche-bank-gets-raided-for-laundering/
Link: https://www.newsbtc.com/2018/11/29/bitcoin-is-criminal-money-says-the-media-while-deutsche-bank-gets-raided-for-laundering/
Well, money laundering is not only using bitcoin, you can use fiat currency to do money laundering too.
This is only a false accusation by some peoples who doesn't like using bitcoin and cryptocurrency.
and i think bitcoin is not a bubble because if it was, it would exploded already and never back to bubbling again, unlike bitcoin.
yes it is true, before bitcoin there have been many crimes that have arisen. Bad people are to blame because the evil ones will always find a way to do the action. Even though the rules are made, security is doubled if bad people will find ways to do evil.
Whatever is used as means of 'money', it's used to launder money. Bitcoin is new and misunderstood, so people like to take hit on it.
I agree with this statement, however there are also possible for bitcoin online transactions to be use as money laundering or against the law, also sindicates can also use bitcoin as buying for illegal things. But most probable way for money laundering are within the banks.
Banks have a system in monetary system and i think its very easy for banks to laundry money. Bitcoin give transparant transaction in bitcoin ledger because anybody can see the transaction and no body can control the transaction data. I am believe its hard to laundering money with bitcoin or cryptocurrency because the transaction very transparant
The people in Banking industry have long associated Bitcoins with money laundering, from calling it a bubble to linking it to terrorists money they did everything in their power to destroy bitcoins. Today it's been proved that money laundering happens due to banks, was happening before bitcoins came. Deutsche Bank has been raided for money laundering, and it's pertinent to note bankers from this bank had said bitcoins is used for money laundering. It proves that fiat money is and always will be used for money laundering, it's time to stop the witch hunt against bitcoins. #ItrustBitcoinsoverBank.
Link: https://www.newsbtc.com/2018/11/29/bitcoin-is-criminal-money-says-the-media-while-deutsche-bank-gets-raided-for-laundering/
Link: https://www.newsbtc.com/2018/11/29/bitcoin-is-criminal-money-says-the-media-while-deutsche-bank-gets-raided-for-laundering/
yes don't forget banks the biggest player who makes money in this process
I think that an equal amount of money is being washed from banks and Bitcoin as we all do it, people
This is one of our favorite subjects lately!
Criminal organizations that call themselves banks get to pay fines for their crimes!
The bank Trump and Hitler both use(d) was raided last week and has a ton of other criminal activity the last few years.
https://www.bestbitcoinbuyers.com/2018/11/29/hitler-and-trumps-bank-are-still-breaking-the-law/
The US Banks money laundering fines between Wells Fargo, JPMorgan, Citibank and Bank of America are billions the last decade.
https://www.bestbitcoinbuyers.com/2018/11/14/bitcoin-will-save-us-taxpayers-millions-wasted-investigating-and-regulating-the-banks-money-laundering-schemes/
Criminal organizations that call themselves banks get to pay fines for their crimes!
The bank Trump and Hitler both use(d) was raided last week and has a ton of other criminal activity the last few years.
https://www.bestbitcoinbuyers.com/2018/11/29/hitler-and-trumps-bank-are-still-breaking-the-law/
The US Banks money laundering fines between Wells Fargo, JPMorgan, Citibank and Bank of America are billions the last decade.
https://www.bestbitcoinbuyers.com/2018/11/14/bitcoin-will-save-us-taxpayers-millions-wasted-investigating-and-regulating-the-banks-money-laundering-schemes/
Studies conducted by the Center for Sanctions and Illegal Financing of the Foundation for the Protection of Democratic States, which, after analyzing operations in Bitcoins conducted from 2013 to 2016, concluded that only 0.61% of trade operations during this period considered to be related to illegal activity.
Common public who doesn't have a proper knowledge about bitcoin easily accept the information that were spread around by the banking networks as well other financial institutions. It is easily understood that money laundering has been taking place long ago and just because bitcoin provides easy access it doesn't mean that bitcoin is the cause for money laundering.
Money laundering is as old as taxes and crime. Why? because no one wants to pay tax, and if you are a crook you want to clean up your cash so the authorities don't get hold of you.
The banks have been complicit in all manner of shady transactions so for them to slate Bitcoin for being used to launder money is frankly hilarious, but absolutely typical.
The banks have been complicit in all manner of shady transactions so for them to slate Bitcoin for being used to launder money is frankly hilarious, but absolutely typical.
Jump to: