Money Laundering started with banks not bitcoins. - page 5.

Innerpumper

member

Activity: 1021

Merit: 12

Quote from: Juggy777 on November 29, 2018, 11:46:49 PM

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/

often the bitcoin as allegations of money laundering by a few persons. However, actual bitcoin bitcoin very useful, have a transparent transaction, in addition blockchain became the best means of media in developing technology with a range of ideas that is.

BitcoinHodler

hero member

Activity: 1456

Merit: 578

HODLing is an art, not just a word...

what banks have been doing only proves their fear towards bitcoin and also proves that bitcoin has been working more than fine in the past years that it could struck such a nerve and cause a mass panic among corrupted banksters who are the main target of bitcoin.

Gloverwrt

member

Activity: 126

Merit: 11

Money laundering, underhanded and shady deals have all been very common even before the advent of bitcoin ten years ago. So, there is no way it could have started with Bitcoin or become easier with bitcoin.

This are the common misconceptions people have about Bitcoin and it's utility.

Transactions made in the blockchain are immutable and transparent, so it's very easy to trace the movement of assets to it's final destination. With the banks you'd need, approval and the documents could be distorted or redacted.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

I sincerely believe that no actual money laundering have happened using bitcoin. maybe some small amounts by some unaware people but nothing real and major. not because bitcoin is not anonymous and traceable. and not because of its volatility, and not because of the public blockchain..... but only because there are a lot of ways that are more convenient and easy and cost a lot less than using bitcoin.

Dreamace7

jr. member

Activity: 126

Merit: 1

: ”Decentralized Digital Billboards”

The banking system was in place long before bitcoin was created and we have been experiencing most of the menace they are associating with bitcoin. We this is just a baseless critical attack on a fast rising bitcoin

Olayinka225

jr. member

Activity: 322

Merit: 1

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.

supermine

hero member

Activity: 826

Merit: 518

Quote from: Juggy777 on November 29, 2018, 11:46:49 PM

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/

Now people don't care about the banks,only the person who laundered the money will get attention but why it differs when it comes to bitcoin?

The money laundering was in practice before the invention of bitcoin too so the problem is with the people not with bitcoin.

Kakmakr

legendary

Activity: 3458

Merit: 1960

Leading Crypto Sports Betting & Casino Platform

Yes I also saw this on https://www.bbc.com/news/business-46382722 and I immediately thought of the same thing. They say people in glass houses should never throw stones and these Banks in their big glass buildings, should take note of that.

Bitcoin is a form of money and when people are connected with money or valuable items, some criminal elements find ways to misuse that money. Bitcoin cannot change these people or stop them from being criminals, just like Banks cannot stop these criminals from doing the same.

Blame the criminal, not the money. Tongue

ggirishcica

newbie

Activity: 26

Merit: 0

bitcoin is a fierce opponent so it's getting thrown rotten tomatoes. bitcoin may fluctuate but i believe it will stay.

markovicmarge

newbie

Activity: 39

Merit: 0

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.

project_delta

jr. member

Activity: 98

Merit: 2

Quote from: Juggy777 on November 29, 2018, 11:46:49 PM

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/

yes it could happen anywhere; also everybody wants to cash out their money even after converting it into cryptos. This is just a way to stop people from buying bitcoin for their own personal gains.
Period.

Juggy777

hero member

Activity: 2646

Merit: 686

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/

Topic: Money Laundering started with banks not bitcoins. - page 5. (Read 952 times)