Topic: Money Laundering started with banks not bitcoins. - page 3. (Read 952 times)
I don't know why banks really want to eliminate bitcoin, even though the technology carried by bitcoin is technology that makes sense and can be accepted by someone, company and country
I think we should set our mind not again to blame money institutions such as banks or blame cryptocurrency such as bitcoin because money laundering exist because the people behind it utilize banks or bitcoin for their own sake but indeed for those who hate bitcoin will blame bitcoin for money laundering cause and no wonder about that
More illegal transactions are still done with cash instead of bitcoin. It's stupid that this is one of the main arguments against bitcoin, that it is used for black market transactions. You don't blame the gun for committing murder, you blame the person responsible. It's too late for governments to ban bitcoin anyways and they would rather regulate it at this point.
And what people don't understand is that it will continue after bitcoin, everyone thinks bitcoin makes it easier, but as long as there is cash, there will still be money laundering, since cash is the most anonymous way to have money, it is practically untraceable, unless you put one of those detectors that banks use.
Yes money laundering is directly involved with banks and banking systematic approach but not bitcoin and others online virtual currencies. I am sure bitcoin is free from money laundering.
I absolutely agree with you, but 316 million is way beyond what banks are really capable of. Given the current low marketcap, there is a case in which a group of banks is accused of an attempt to launder more than the total crypto market capitalization! It sounds unbelievable, I know, but this is not some low quality news, the forbes wrote about it a while ago: https://www.forbes.com/sites/francescoppola/2018/09/30/the-banks-that-helped-danske-bank-estonia-launder-russian-money/. These people got caught, but how many more did everything successfully? Blockchain allows to view transactions and the community is very diversified with no key holders of bitcoin being around. Banks are watching others not to launder money but the problem is that nobody's watching banks and preventing such schemes.
Imagine over 200 $ billion money laundering just by one bank, and this is not bank form some corrupt country since this is about Denmark. Or what about HSBC, one of the world largest bank which was the main bank for money laundering used by Columbian and Mexican drug cartels and financing of terrorism for years -and fact that the highest officials of the UK are deeply involved with this bank tells us on what level is money laundering in the world.
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The estimated amount of money laundered globally in one year is 2 - 5% of global GDP, or $800 billion - $2 trillion in current US dollars. Though the margin between those figures is huge, even the lower estimate underlines the seriousness of the problem governments have pledged to address.
To say that BTC is used for money laundering sounds like a bad joke, trillions of $ go dark with the services provided by banks.
aww! the banking system had started way, way ahead of bitcoin. do i sense "bitter" here? i guess the effect is really shakening so they want to use this as an excuse. i am not buying it.
I think it would be bad if not for the bitcoin to pour out, I would like you to understand that the banking system is not equal to multi-level system, and deep in future reforms. I think you should be glad if this happens and start from now on
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many people said that bitcoin is the media that used for criminals send money, money laundring and anything else, in fact, that not true. there are many people that use the real money to do the criminals. not bitcoin and not cryptocurreny
If you look deeper, you will be surprised to see how useful bitcoin and cryptocurrency is, even though this is in a bad scope, try looking at Deepweb, all transactions that are done there use crypto because of anonymity and also if using bank transactions it is easy for Interpol to tracking
many people said that bitcoin is the media that used for criminals send money, money laundring and anything else, in fact, that not true. there are many people that use the real money to do the criminals. not bitcoin and not cryptocurreny
If you look deeper, you will be surprised to see how useful bitcoin and cryptocurrency is, even though this is in a bad scope, try looking at Deepweb, all transactions that are done there use crypto because of anonymity and also if using bank transactions it is easy for Interpol to tracking
Yes ofcourse it has been started with the banks, everyone know this but nowadays it can be forgotten. The bitcoin is not the worst and dangereous think in our lifes. It just helps the world to get better. With the blockchain system our tomorrows will be brighter. The banks can be evil not the BTC or cryptocurrency.
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/
Before bitcoin, there are money first. From all these money , powerful people can do anything what they want. So there , money laundering get all started from the banks. Bitcoin just can easily trace back through internet , of what and where it came the origin of every transactions. This kind of propaganda is just trying to put down the potential of bitcoin. But bitcoin and users are strong enough for any negative impressions against it.
Interestingly some of these articles,first I trusted BTC cause all transactions were open very clearly.While the bank is always closed even by the authorities and its very clear that there is something that is hidden from us,all banks are very rich from taxes every month the delivery and receipt of FIAT is detrimental to us while BTC does't cost more.Money laundering often occurs in banks cause of its strict hiding.
Yes money laundering started with banks but you would agree with me that Bitcoin or rather the era of Cryptocurrency took it to an alarming level due to the anonymous structure of blockchain.
It is a clear distraction for anyone to buy into the idea that bitcoin brought about money laundering. In the first instance, money laundering predates bitcoin. So, who was responsible for laundering when there was no bitcoin? Bitcoin is virtual money. It is recently that a few outlets accept bitcoin as payment for goods and services. That being the case, money still passes through channels to exchange to fiat which is used to financing terror or other things. Bitcoin is just a medium of transfer of money from one person to another.
It is true money laundering started with banks not with Bitcoin,
We are already facing money laundering problem before Bitcoin started or before it was even created,
But Bitcoin made it a lot easier because of it's anonymity and word wide transactions.
We are already facing money laundering problem before Bitcoin started or before it was even created,
But Bitcoin made it a lot easier because of it's anonymity and word wide transactions.
It is the criminal activities and this were happening before bitcoin so bitcoin is not the cause of money laundering i like to use crypto for payment of services many good promotions of many companies are possible through this market now you can use YouTube and Facebook for advertising and you can pay in crypto now we have to collect more and more.
I think the Banks will place to Bitcoin and Cryptocurrencies in the eye of the hurricane. Because they know that Bitcoin has gained a lot of ground. But always the truth will come to light.
Yes money laundry started with the banks and will ever be in the banking sector. Moreso, bitcoin just came in compared to ages that the banks have been into existence and have been in this laundry of a thing. I can say categorically that money laundering is only done in the banks and not in cryptocurrency. #istandwithcryptocurrency.
doing money laundering using bitcoin is one stupid way, because the movement of money in bitcoin can be detected easily by the authorities, using blockchain technology with a decentralized system, then the suspicious movement of money can be directly detected, so the reason for some countries is that bitcoin will become a means of washing the money is not true, so money laundering that occurs still uses conventional money through an international bank, which customer data cannot be known.
Before bitcoin and other cryptocurrencies come into existence, money laundering is already happening in some banks and this illegal activity are rampant in many part of the world. Fiat currencies are used in money laundering long before cryptocurrencies are created. The fiat is also used in ither illegal activities like drug trafficking, terrorism and others. When bitcoin was created and become popular, some people blame the coin for the rise of such illegal activities.
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/
Of course, people who use bitcoin are not the people who pioneered money laundering. There is already money laundering way before 2009. And yes, there are bad people who actually use bitcoin. For example, the people at the dark web actually use this currency in order to gain money. Bad people use cryptocurrency does not mean cryptocurrency is bad. And by the way, this is not bitcoin vs banks. Banks and bitcoins are both important for us since bitcoin is not yet accepted by "all" of people. Cryptocurrency and fiat money are both different entities.
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