Money laundering tools - page 5. | Bitcointalksearch.org

dewildance

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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.

It's a shame you think that Bitcoin is only used for money laundering. You never understood Blockchain and Bitcoin. It's been cruel to see something like that with millions of dollars in sales every day.

netto7

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Quote from: gunhell16 on September 26, 2018, 11:10:20 AM

money laundering tools???
come on guys even with FIAT it is possible and spread worldwide.
remember that, cryptocurrency is here and even with this FIAT always have that corruption.
we should not focus in negative sides.

yeah everything can be money laundering tools but other people will focus only bitcoin

and dont think before bitcoin born it not have other currency use for money laundering tools before?

deloreswest

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Open and Transparent Science Powered By Blockchain

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.

I do agree the point is bitcoin is not good for money laundry cause all record is immutable and could be use to track down the person who receive it. People should stop think bitcoin the best way to laundry money, i think people would rather use art as the way to laundry money.

Kadot amoh

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The money laundering tool is a way to transact or perfect us to exchange tokens to eth, money laundering is very difficult to do, we must continue to learn to understand what is in the bitcoin forum

Betwrong

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I stand with Ukraine.

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.

There are so many money laundering tools around and Bitcoin is just one them, and surely it's not the best one. Most big exchanges require KYC and those who don't are probably run by cops. So in reality you can't buy big amounts of BTC with your dirty money in order to launder them without big risk. It is much safer to open a legitimate business like it is shown in Breaking Bad, for instance, and launder you dirty money through it.

gamechangers

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I am not disputing the fact that bitcoin can be used for money laundry but not as much as it is portrayed to be. Money laundry is also much with fiat currencies and as a matter of fact, some money will not even be converted to bitcoin because the people involved are not conversant with it.

gunhell16

hero member

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money laundering tools???
come on guys even with FIAT it is possible and spread worldwide.
remember that, cryptocurrency is here and even with this FIAT always have that corruption.
we should not focus in negative sides.

andriarto

sr. member

Activity: 1344

Merit: 253

Quote from: jiryuksan on August 11, 2018, 11:23:58 PM

Quote from: Andrew S on August 07, 2018, 09:51:41 AM

Maybe someone uses bitcoin for money laundering, but I do not think many of them are doing this.

The case of money laundering with bitcoin is real, fiat money exchanged with bitcoin is then transferred abroad, without being detected because of anonymous bitcoin. Unlike fiat money, gold or physical objects that will be difficult when they have to be "washed" or hidden because of illegal activities. Bitcoin factor was rejected by some countries, but this problem must be sought a solution so as not to become a tool of crime.

of course this must be the concern of government, besides having to keep abreast of the times, many governments are not ready to accept BTC for this reason, especially for countries with high corruption rates

skdistumbarg

newbie

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I think your state of mind isn't right in light of the fact that bitcoin not as an illegal tax avoidance instrument to do exercises in return of crypto exchanging obviously we need to give KYC reports with the goal that the information we have contribution to the information gathering. also, it is outlandish for us to do illegal tax avoidance just from a few people who have filthy plans that will search for provisos to lead exercises as a type of conning.

jiryuksan

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Quote from: Andrew S on August 07, 2018, 09:51:41 AM

Maybe someone uses bitcoin for money laundering, but I do not think many of them are doing this.

The case of money laundering with bitcoin is real, fiat money exchanged with bitcoin is then transferred abroad, without being detected because of anonymous bitcoin. Unlike fiat money, gold or physical objects that will be difficult when they have to be "washed" or hidden because of illegal activities. Bitcoin factor was rejected by some countries, but this problem must be sought a solution so as not to become a tool of crime.

Andrew S

newbie

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Maybe someone uses bitcoin for money laundering, but I do not think many of them are doing this.

Lubang Bawah

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It must be admitted that many countries are not accepting bitcoin because bitcoin is a place for money laundering, this is certainly detrimental to the country because the state does not get anything from money laundering, the user is certainly free to exchange fiat in any country if he keeps bitcoin.

tikanurqaidah

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Bitcoin is considered to erode other characteristics of reserve currencies: confidence, which is usually formed through sound monetary policy and regulation. Bitcoin is supported by the hope that encryption behind digital currencies cannot be hijacked. prone to money laundering with bitcoin transactions, because there is no regulation and cannot be tracked. "Because the use of bitcoin is not registered. Unregulated and unrecorded.

jakagintiri

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www.coinxes.io

in my opinion if assessing bitcoin is a money laundering tool that is very narrow thinking, for now the use of bitcoin is now very broad as an investment tool to be used as a global currency. so stop talking negative things about bitcoin so that the value is maintained.

mine23

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Quote from: brukva on August 07, 2018, 08:53:37 AM

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.

When I heard it, I immediately thought that bitcoin exists only for money laundering.

I don't think so thats bitcoin for money loundry because for invest we must fill KYC and every transaction in the bank we always fillnth document

brukva

newbie

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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.

When I heard it, I immediately thought that bitcoin exists only for money laundering.

lastnumber

newbie

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Quote from: Kray on June 30, 2018, 09:16:15 AM

Bitcoin is used anonymously by its users and as an opportunity be used wrongly by criminals. Money laundering has existed since before there was a bitcoin. Probably very well known before bitcoin is created. There’s no good and perfect system to prevent it yet. But if you equate bitcoin with money laundering I think it's just a nonsense for protest so bitcoin’s price will go down. Many people don’t take the benefits properly and correctly.

Obviously so. Money laundering criminals are really smart people. They use every means, every means to turn dirty currencies into legal money. Bitcoin is just an algorithm, is a product of technology. But Bitcoin is carrying special value that cash can not have. This is a great advantage for illegal activities. The core issue is not the responsibility of Bitcoin.

lastnumber

newbie

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Quote from: martychubbs on July 06, 2018, 06:51:06 AM

I do not agree with you. You can always exchange bitcoins for currency. Bitcoin was invented in order to demolish the existing monopolized banking system and return the power of the public. What bitcoin does.

It's correct. Easily transitioning from cash to Bitcoin without the government's management is a loophole for offenders to easily launder money. This is also one of the main causes for the governments of some countries to issue bans on Bitcoin. They cite many reasons for banning Bitcoin. Actually, the government can not manage the value and transactions related to Bitcoin.

lastnumber

newbie

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May. Bitcoin is a money laundering tool. Based on Blockchain technology, a very good technology platform for security and anonymity, bad guys can convert unlawful money into Bitcoin through a transaction. And moved from Bitcoin to cash. This is clearly money laundering. But it is an inevitable part of electronic currency. Not only Bitcoin but other Altcoin is no exception.

martychubbs

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I do not agree with you. You can always exchange bitcoins for currency. Bitcoin was invented in order to demolish the existing monopolized banking system and return the power of the public. What bitcoin does.

Topic: Money laundering tools - page 5. (Read 2488 times)