Money laundering tools - page 10. | Bitcointalksearch.org

ALF01

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Quote from: Barbut on June 18, 2018, 07:33:28 AM

Quote from: cluit on June 18, 2018, 07:08:02 AM

LOL… I’m surprised how most of you all has turned to call Bitcoin a money laundering tool. To be sincere, when I got into Bitcoin I never had money laundering in mind, I was just looking for a quick, easy and cheapest way to transact money. Apart from that, there are lots of uses for it.

Bitcoin is can be used for both good and bad, depends on who you are and the path you have chosen. One thing for sure that there will always be the bad eggs in the community. There are good people making use of Bitcoin for the good and there are also criminals and bad people using Bitcoin to carry out their evil plans. We all should only hope for the good, anyone in his right senses wouldn’t support evil.

People are ignorant! Banks are money laundering companies, they operate for centuries, they finance wars, wash money from selling drugs, weapons, food, and everything in the countries where is war. But people thinks its easier to call bitcoin money laundering tool then to learn something about traditional system and how it works, some basics, nothing more.
I would like to ask people what they think how they launder money before 2010? Simple question that require simple answer.

The method of money laundering was developed by famous American criminal Al Kapone. He received money from gambling, prostitution and sales of alcohol, during a ban in America in the 1920s, portraying him as an income from his automatic laundry. Namely, one of his business ventures was a company in which the citizens in the machines washed and dried their laundry with coins. He displayed illegally acquired money as income derived from coins embroidered in washing machines in which citizens were washing their laundry. He paid taxes on that income, and the money flowed into legal currents - he was "washed". However, the system has been compelled by bookkeeper Meyer Lansky to allow his friend and employer, again a criminal, Bugsy Siegel to legally gain wealth. Simple method, clean money.

Buttermellow

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Yes i could agree with you bitcoin is just like a money laundering tool but i guess it is fair to all who are joining and investing in bitcoin but it could not be use for transactions to transactions i guess because bitcoin is relatively high when it comes to transaction fee after exchanging to fiat money and that could means losing money on the part of both parties doing the transaction. Therefore as the germany people say that bitcoin for them is just like savings and this would be likely to fit on bitcoin description.

Barbut

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★Bitvest.io★ Play Plinko or Invest!

Quote from: cluit on June 18, 2018, 07:08:02 AM

LOL… I’m surprised how most of you all has turned to call Bitcoin a money laundering tool. To be sincere, when I got into Bitcoin I never had money laundering in mind, I was just looking for a quick, easy and cheapest way to transact money. Apart from that, there are lots of uses for it.

Bitcoin is can be used for both good and bad, depends on who you are and the path you have chosen. One thing for sure that there will always be the bad eggs in the community. There are good people making use of Bitcoin for the good and there are also criminals and bad people using Bitcoin to carry out their evil plans. We all should only hope for the good, anyone in his right senses wouldn’t support evil.

People are ignorant! Banks are money laundering companies, they operate for centuries, they finance wars, wash money from selling drugs, weapons, food, and everything in the countries where is war. But people thinks its easier to call bitcoin money laundering tool then to learn something about traditional system and how it works, some basics, nothing more.
I would like to ask people what they think how they launder money before 2010? Simple question that require simple answer.

sepeda karat

newbie

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Different people have different opinions, when we say bitcoin is a washing tool, it is also possible, because bitcoin can be used for some pusposes but it depends on the people about how they act and use bitcoin. Many different issues about bitcoin are used for any bad action, but there is no evidence to prove that is true.

cluit

legendary

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LOL… I’m surprised how most of you all has turned to call Bitcoin a money laundering tool. To be sincere, when I got into Bitcoin I never had money laundering in mind, I was just looking for a quick, easy and cheapest way to transact money. Apart from that, there are lots of uses for it.

Bitcoin is can be used for both good and bad, depends on who you are and the path you have chosen. One thing for sure that there will always be the bad eggs in the community. There are good people making use of Bitcoin for the good and there are also criminals and bad people using Bitcoin to carry out their evil plans. We all should only hope for the good, anyone in his right senses wouldn’t support evil.

deppil

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Quote from: Ishiro5 on May 27, 2018, 07:43:51 PM

The argument of bitcoin being a money laundering tool, on the one hand, is valid and on the other hand, can be baseless. I say this because before the emergence of bitcoin and crypto, money laundering has always been around and will remain so far we have people who want to launder money. Its a human thing and not the problem of bitcoin.

Just because of anonymous bitcoin then many people stigmatize that bitcoin is used for money laundering. I think it's just a speculation from someone. because we ourselves have no evidence whatsoever regarding money laundering done by some people. lets think positively

Reagan_alvaro

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Quote from: piter_wip12592 on April 02, 2018, 09:42:37 AM

right . This is one of the reasons for this market development. With a market when transactions are anonymous between buyers and sellers, do you think that is the right place to clean the money?

I think all the black money goes into crypto, because it's great for black money and this money is safe on these people, no one can claim or ask back from the system holders.
To make sure the bitcoin of his money laundering tools, many hackers and cardamom scammers told BIG THX to satoshi that he was doing bitcoin

King money

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Quote from: rightway00372018 on April 28, 2018, 12:38:29 PM

Quote from: Rustamm on April 28, 2018, 12:34:25 PM

The statistics have already appeared that bitcoin is used for illegal or criminal purposes somewhere around ten percent. Bitcoin is simply inconvenient for this. For money laundering and for other crimes, more confidential coins, such as monero, are used. Therefore, the conversation about the use of bitcoin for money laundering or for committing other crimes has no basis. Who says this, either does not own the situation, or deliberately spreads false information about Bitcoin.

a very big possibility because the government can not easily trace transaction if the traditional money is converted into bitcoin especially if they are using dummy account.

I think the exchange fee through a black exchanger is higher than you will pay a valid income tax. You can launder money through investments in a legitimate business.
Try changing the bitcoin to Fiat. Maybe you know a secret way to change currency cryptocurrency through exchange? All exchanges require documents and money will be very difficult to wash.

BeGoods

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Quote from: Virtual miner on May 28, 2018, 01:23:05 PM

Yes that’s true. Cryptocurrency can be used for money laundering. In fact four primary areas of criminal activity lend themselves to cryptocurrency: tax evasion, money laundering, contraband transactions, and extortion. This is the reason why many countries are against cryptocurrencies. But I think that’s the fault of people and not Bitcoin that they are using this wonderful technology for such illegal motives

Although the error is on the user, but the government certainly can not blame them because they are anonymous, of course the target target error is bitcoin, that's why they forbid bitcoin. you're right bitcoin can be used for that, and now there seems to be no way out for this problem..

sclmte

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Quote from: niteroy on May 28, 2018, 01:28:24 PM

Perhaps Bitcoin and cryptocurrencies are a convenient tool for money laundering and tax evasion, but only if you use them carefully, because all transactions are recorded in the blockchain and in time, if you used your wallet to pay for services or purchases of goods, then you can be identified, and this is not entirely convenient for those who want to get away from taxes and launder money obtained by criminal means. Bitcoin is more likely to eradicate corruption through openness of transactions, but this is only if it is accepted by governments as a means of payment.

It could be possible as some people doing illegal activities could hardly to trace due to it's anonymity. It is one reason why some countries never adopt these form of currency to control such events and could bring justice to the people affected. That's why government tried to regulate crypto and put an end of its anonymity.

WonderGlue

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Quote from: matuson on March 19, 2018, 12:15:41 PM

That's not true. Try to change bitcoin to Fiat. Maybe you know a secret way to change cryptocurrencies bypassing exchanges? All exchanges require documents and money will be very difficult to wash. The cost of exchanging via black exchangers is higher than you will pay a legal income tax. You can launder money through investments in legitimate business.

Yes, localbitcoin, is well know and no identification is required that I know of.

icoprofits

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as mentioned in this article money launders use property as source nt bitcoin for more clear understanding https://blog.bitmex.com/money-launderers-use-property-not-bitcoin/

Similificator

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Quote from: Virtual miner on May 28, 2018, 01:23:05 PM

Yes that’s true. Cryptocurrency can be used for money laundering. In fact four primary areas of criminal activity lend themselves to cryptocurrency: tax evasion, money laundering, contraband transactions, and extortion. This is the reason why many countries are against cryptocurrencies. But I think that’s the fault of people and not Bitcoin that they are using this wonderful technology for such illegal motives

When there are something new, people will get curious with it while other criminals,. There really are a lot of problems that occur every time that there are new things because people will always do improvements for themselves even thieves will also follow with the trends to understand more.

lelangsabun

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yeah some crypto stuff like this are majority used by people to illegal thing, but we must not follow something like that, if we want to make crypto stuff are accepted in the wolrd community

webdevmastery

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Quote from: mi56374100 on March 19, 2018, 12:01:14 PM

In my opinion, BTC is not a traditional currency like gold and silver because it does not have any use value, so it is not a credit currency. It's basically just one use, money laundering tool. The tool explains why bitcoin prices are spread across the country and abroad. Domestic money is changed into bitcoins and then physical transportation to overseas exchange for foreign currency escapes regulation and the cost of money laundering is lower than before, and the risk is low.

We can say that bitcoins can be used for money laundering but it was just the same as fiat, the only bad thing is that, if we are using cryptocurrency on illegal transactions like drugs but as a of today, i believe that using crytpocurrency is a good thing.

maculeth

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BountyMarketCap

with its easy and fast transactions, and not through banks and private, bitcoin is very vulnerable to money laundering. because anyone can buy as much bitcoin and keep it in the wallet personally, nobody knows, including the bank.

niteroy

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Perhaps Bitcoin and cryptocurrencies are a convenient tool for money laundering and tax evasion, but only if you use them carefully, because all transactions are recorded in the blockchain and in time, if you used your wallet to pay for services or purchases of goods, then you can be identified, and this is not entirely convenient for those who want to get away from taxes and launder money obtained by criminal means. Bitcoin is more likely to eradicate corruption through openness of transactions, but this is only if it is accepted by governments as a means of payment.

Virtual miner

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Yes that’s true. Cryptocurrency can be used for money laundering. In fact four primary areas of criminal activity lend themselves to cryptocurrency: tax evasion, money laundering, contraband transactions, and extortion. This is the reason why many countries are against cryptocurrencies. But I think that’s the fault of people and not Bitcoin that they are using this wonderful technology for such illegal motives

Ishiro5

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The argument of bitcoin being a money laundering tool, on the one hand, is valid and on the other hand, can be baseless. I say this because before the emergence of bitcoin and crypto, money laundering has always been around and will remain so far we have people who want to launder money. Its a human thing and not the problem of bitcoin.

Biggapp

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Quote from: Telybin on May 26, 2018, 07:34:42 PM

Quote from: BCSHonda on May 26, 2018, 07:32:12 PM

Quote from: Bestpromoter on May 26, 2018, 10:06:26 AM

Well it can be money laundering tool if the people who uses it is like scammer but we also know that buying money with bitcoins has a transactions and it is not declared as bitcoin yet until he buys the illegal money. Bitcoin is a cryptocurrency and not money laundering tool.

BTC is an anonymous coin that some people use BTC as a place to store assets that nobody can know, which is the best money laundering I have ever seen, and they can hold as many BTCs as they can. They know who they are. That is the point of the BTC that some governments do not accept BTC in their country.

Yes . And every transaction for bitcoin is completely anonymous. And this will be very safe in the transaction. And this is also the point that many people like to invest in bitcoin.

This is great for all those who are having big businesses because they need to pay huge taxes for making these transactions. Bitcoin has made it possible for business community to carry on their transactions more smoothly. I am attracted towards bitcoin just because of its decentralized nature. Governments always are looking for their benefits from the hard earned money of common man. Bitcoin is dangerous for them.

Topic: Money laundering tools - page 10. (Read 2488 times)