Topic: Money laundering tools - page 13. (Read 2488 times)
BTC all valid transactions in the network are permanent, block chain network, as long as happened, network exists, the long before as clear evidence, so BTC is not suitable for money laundering and crime.
Those who declare that bitcoin is a tool to get money laundered is some kind of nonsense, there are no facts proving it.
Personally I can say that with the features of Bitcoin there is a possibility that it can be used for illegal transactions and bad activities like money laundering, frauds, scams and all. Bit I simply think otherwise when it is stated that "It's basically just one use, money laundering tool", I really don't think so because it has more usage and purpose than that. It is a great innovation for better financial system, it has made way for opportunities for people to earn from it all around the world. It has helped a lot of people reach their financial freedom, steps closer for some. I has provided us a lot of great things.
i wonder why people thought bitcoin as money laundering tools because bitcoin is not so bad and plenty of benefit can we get during use bitcoin but i personally consider for those who consider bitcoin is money laundering tools is the haters of bitcoin because crypto users will never thought just like that
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.
The American dollar by far exceeds the money laundering capacity of Bitcoin. I understand why many people think that crypto can be used for these purposes, but just keep in mind that you still have to convert your bitcoins or whatever to fiat in the end. This is not a big deal if the question is about a few (hundred) thousand dollars but if you want to launder a few million dollars, it will be a completely different matter and you will quickly find out that Bitcoin is not as good for money laundering as people are saying or rather imagining.
Basically, to work with such amounts you will have to use a major exchange, but they will definitely refuse to touch your coins unless and until you disclose all your personal details. And that's where your anonymity as well as Bitcoin's capacity to provide money laundering service ends. And I'm not even telling you that all your transactions will be written on the blockchain for everyone to see and analyze.
Without cryptocurrency, money laundering is done daily and not because of cryptocurrency where money laundering takes place more often. The cryptocurrency market is increasingly receiving the attention and support of many nations and the world community for the true benefit that it brings to life. I believe that cryptocurrency is the future of the world currency.
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.
The reason why cryptocurrency is created is to in order for people to use it in the future, founder of bitcoins is intending to have an online currency that will be used in the future for different people and it might even chance the world.
According to me cryptocurrencies are really a convenient tool for money laundering, but still not everyone uses it, there are people with the so-called old hardening.
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.
I Didn't know that until now,i just realized that yes your right it can be a tool for money laundering. They can just Purchase Bitcoin anywhere and them use dummy accounts to cover up their true motives.
There are other ways to launder money without bitcoin! Bitcoin itself is not a currency, it is a gold object.
Its trade there is no absolute anonymity, the government may require provide washing currency trading center to provide transaction details. In order to find out the corresponding to wash money, track the currency flow.
That’s why the governments are very insistent on regulating the currency so that they can counter the manner that many use it to launder money and use it for other vices as well. Its trade there is no absolute anonymity, the government may require provide washing currency trading center to provide transaction details. In order to find out the corresponding to wash money, track the currency flow.
I think bitcoin or cryptocurrency may be a too to money laundering. Its the easiest way for launderers to convert their money to a clean one. From one country to another. From one person to another. Simple because bitcoin is not regulated.
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.
It has a basis. It's just that all the fanboys here need to stop with being so irritated with everything that's being said concerning Bitcoin and criminal activity. It is being used by criminals, but so what? Let people buy as much drugs and weapons with Bitcoin as they want. Let them launder as much money through Bitcoin as they want. It's not our job to make a big problem out of it, but the job of authorities to track them down, which is already happening. Bitcoin is nothing more than a value tool that everyone can use or abuse. People should grow a thicker skin and accept the reality.
Yeah i agree. Lets just quit making big fuss over nothing, besides who cares if they launder money? If they got tracked down, it is all their fault and they will pay for the consequences, and it doesn't even matter to us. Aside from they are the ones doing illegal transactions, we cannot blame or stop them, it is their own money so whatever they did, it is their responsibility. It has nothing to do with us as long as we did transactions in a healthy way.
There are other ways to launder money without bitcoin! Bitcoin itself is not a currency, it is a gold object.
Its trade there is no absolute anonymity, the government may require provide washing currency trading center to provide transaction details. In order to find out the corresponding to wash money, track the currency flow.
Its trade there is no absolute anonymity, the government may require provide washing currency trading center to provide transaction details. In order to find out the corresponding to wash money, track the currency flow.
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.
It is possible, but money laundring can happen in every where. Bitcoin is secure and pseudo anonymous. Your identify cannt be tracked.
this is the one reason why bad guys use bitcoin, they want to use this as tools that money laundring, or maybe they can use this to makes inflation in a country, we hope that its not happen because if its happen i think bitcoin will banned by some country in the world
Those who declare that bitcoin is a tool to get money laundered is some kind of nonsense, there are no facts proving it.
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.
It has a basis. It's just that all the fanboys here need to stop with being so irritated with everything that's being said concerning Bitcoin and criminal activity. It is being used by criminals, but so what? Let people buy as much drugs and weapons with Bitcoin as they want. Let them launder as much money through Bitcoin as they want. It's not our job to make a big problem out of it, but the job of authorities to track them down, which is already happening. Bitcoin is nothing more than a value tool that everyone can use or abuse. People should grow a thicker skin and accept the reality.
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.
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.
well it can be a tool for anyone to use it for the bad purposes such as with privacy coins where laundering money is even more easier than with btc, but it doesn`t change the fact that btc revolutionized the finance world in any case.
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