Topic: Money laundering tools - page 7. (Read 2509 times)
Bitcoin is not a money laundering tool. It is already being used by a large number of people worldwide and these are common people.
The problem is not btc, but people. Blushing has existed for many years before btc appeared, and there is no sign of abating.
Bitcoin is not completely anonymous. Just follow the Bitcoin wallet and check the criminals' information through the exchange to find the criminal.
Bitcoin is not completely anonymous. Just follow the Bitcoin wallet and check the criminals' information through the exchange to find the criminal.
If it would be so easy that you are saying, I think all the criminals will be already caught, and those filthy meals would be closed to new criminals, there are many ways to make those transactions anonymous.
It will use too as a laundering tools because some of all people use it for illegal those hackers earn much more because of digital money they cannot steal in the banks so bitcoin or digital money can use as illegal tools too.
Unfortunately some people of self interest use the crypto market for money laundering and this is a bad activity they perform. However the traditional sources are not hiding from the sight of these money launderers and they perform the same through those traditional sources. So this impression is everywhere and should not only consider in the crypto market but should keep in mind that the bitcoin and other crypto markets are doing well than the traditional markets.
Why are you surprised? Yes, bitcoin is anonymous, it is unclear and unknown who transfers money to whom and most importantly for what. For many, this is an important criterion for a free life. Freedom of speech, freedom of movement, freedom of currency transactions. A minimum of control... And the States and the government, on the contrary, control people more than the blockchain.
There are many other cryptocurrencies which would be easier and more secure as a money laundering tool. Bitcoin is not completely anonymous and it is possible to track transaction. Bitcoin is not only about money laundering but it is also an important currency which will be widely used in the future due to its adoption and growing value.
I have the same point over this currency which is using for money laundering because this currency is related to the private key of a person but does not know who is the person and therefore people can use it for money laundering. However this is the same with other currencies that people can use other tools for money laundering, so it is up to the use and not source. 
bitcoin has been widely abused by people who commit crimes, they can easily take advantage of this technology. most people who do not know about bitcoin, they rate the bitcoin from the negative side only without knowing the actual function of bitcoin. but if they are able to learn about this technology more deeply, bitcoin is created by scientists or by someone who aims to facilitate all transactions from anywhere without spending a considerable cost
Fiats have been "abused" as well and more than Bitcoin. Less than 1% of the Bitcoin transactions are used for illegal activities. How much just for the US dollar? Just for the drugs activities, the Americans spend over $100 billion per year. https://www.whitehouse.gov/ondcp/research-and-data/estimation-drug-expenditures-consumption-supply
This is just for drugs and this just for one country, if you consider human trafficking, and so on you could be surprised how the amount of bitcoins spend for illegal activities is ridiculous compared to fiats
It is a fact that all the black money on the Internet are in Bitcoin and cryptocurrency. Plus of course a lot of people who just want to make money on the growth of the course. Pure speculation. Bitcoin can grow even in price when the demand and interest will appear in an even larger number of people. I am sure that many people still underestimate the role of cryptocurrency in the world.
"Laundering" dirty money will always be, cryptocurrency is just one way. Nothing can be done about this, no matter how the state struggles!
There is a lot of money laundering tools and for the government, cryptocurrencies is one of the threat for money laundering because it is so easy to transfer money using cryptocurrency and that is why the government are afraid because the people can abuse it to do illegal activities like money laundering and selling drugs anonymously.
There are some part that we are missing in the whole story - all crypto currencies including the Bitcoin that accumulate in them the whole adbanced techonoly.
I don’t really get what you’re talking about🤔 do you mean that Bitcoin has advanced technology? Well, it may have an advanced technology, but it is not the first. The only counting the op’s comment wrong is by saying that Bitcoin can only be used for money laundering. Such is a stupid comment, but I wouldn’t mind since it is coming from someone who is a junior member of the community. Bitcoin is useful and that’s the reason we are all here. If it wasn’t useful, we wouldn’t be here, fact!
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.
Man you’re wrong. You’re saying that Bitcoin is meant to be used only as a money laundering tool 😏 you’re totally wrong. Bitcoin might not be a real currency, but it is very useful. There are lots of things ti can be used for, despite there are people that makes use of it as a money laundering tool and also to do all sort of bad activities. Bitcoin can serve as a mode of payment and it is very fast when compared with other methods in terms of making an international transaction. Bitcoin is not bad, we are the ones that choose what we want to do with it.
in my opinion, bitcoin was created not for money laundering, but as a decentralized currency and facilitate inter-global transactions. only irresponsible people use it for money laundering and other illegal acts
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.
What are you holding onto this money laundering? Why do you care? Tell me, have you already spent a lot on dirty money? It's even funny for me to read. If anyone cares about this problem, let law enforcement agencies do it. We must focus on how to make bitcoin and other crypto currency better and more convenient to use as a means of payment and less as a means of accumulation, because this alters the entire purpose of the biton and leads to a dead end development, to the collapse of bitcoin. That's what you need to think about. At bitcoin while there are enough real problems, still we will discuss the far-fetched problems. 
While it is true that BTC and any other Crypto currencies in the market could be used as a money laundering tool, wallets have come far from being completely anonymous. I mean now you can't actually cash in or cash out huge amounts of money if you don't volunteer your information. Besides, since it is electronic, you will see alot of paper trail.
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.
Actually Bitcoin is not intended as a tool of money laundering, it's depend upon the user's behined how they use bitcoin in legal or illegal ways. Impact this technology help many people to improve their income especially those people who investing their money in bitcoin.
bitcoin has been widely abused by people who commit crimes, they can easily take advantage of this technology. most people who do not know about bitcoin, they rate the bitcoin from the negative side only without knowing the actual function of bitcoin. but if they are able to learn about this technology more deeply, bitcoin is created by scientists or by someone who aims to facilitate all transactions from anywhere without spending a considerable cost
It will use too as a laundering tools because some of all people use it for illegal those hackers earn much more because of digital money they cannot steal in the banks so bitcoin or digital money can use as illegal tools too.
Yes, and almost of them sold out our BTC with low price, that why the value of BTC is not high like now.
A study was already conducted in which it was proved that crypto currency is used for money laundering only in a small number of cases. Basically, it is used as a useful product. You can search the Internet for more information about this.
It will use too as a laundering tools because some of all people use it for illegal those hackers earn much more because of digital money they cannot steal in the banks so bitcoin or digital money can use as illegal tools too.
Maybe or not, as for me, i am only chicken for speculators and some illegal person using BTC.
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