Money laundering via BTC - page 12. | Bitcointalksearch.org

tessaphin

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Quote from: shamzblueworld on January 09, 2017, 12:11:50 AM

Is it possible to do money laundering via bitcoin? I mean as no one knows if you have bitcoin and how much bitcoin do you actually own, it could be used to convert black money to white right? Or at least store your black money without much hassle. But there is the risk of its value but I think for people who have lots of black money and don't want to be caught, this risk might be worth taking for them isn't it?
What are your thoughts?

It's possible to launder money with bitcoin and I'm sure there are already many cases going on. And it can ruin the image of bitcoin as a digital currency. Because it allows people to be almost anonymous, therefore and will always be the best way for people to avoid taxes and launder money. That is also the reason why some governments are against it.

mdzahed134

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Yes,Definitely possible money laundering via Bitcoin even it possible from every single country.Because you can convert your own country money with BTC than Send to any country in the world it's consider pure money laundering.Money laundering by BTC is going on all over the world.

ubay

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In the era of all internet as now, it is very easy for money laundry one of them maybe with bitcoin. But it will be difficult when the person does not know what bitcoin is. And better so, because bitcoin is not a means for money laundry.

jeamfpvd

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Many people transfer illegal income through bitcoin, which is very simple and requires only a very small rate. This is why many people like to encrypt money. Many gambling websites also like to use bitcoins, which is for some specific customers.

lamsenon

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That is your claim after all that the case of people using that method to launder money.
I think it all happens on a larger scale when Silk Road is alive and Bitcoin is unheard of. I would never consider Bitcoin to "hide" really, in fact blockchain technology is basically a general ledger where it is not difficult to track personal information if you really want (and have the power to enforce it). Check out Coinbase's latest news and you'll see how easy it is once the government starts paying attention. There is another debate about BTC Fungibility as well and that's the deepest problem here.

btcdevil

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Quote from: chocolato on July 09, 2018, 10:35:19 AM

I think it's very easy to turn black into white money because you do not have to prove your source but this trade is hampering the reputation of bitcoin. I sold my legal product to bitcoin but then when I pulled my coins through a legal exchange, I was afraid if they would think my money was too cheating because there was never any way to prove the source of bitcoin.

No you can show the source of bitcoin earned, if you have earned through signature campaign then you can show the bitcointalk campaign enrollment screen short and in your bitcoin wallet you can show how much you earned through signature campaign and according to that you sold and earned fiat currency. But if you country recognize it as illegal then you have to be careful. Signature campaign was just example same way you can show other earned bitcoin details also. I am selling through P2P exchange so i dont have problem as i am getting money through other user account directly show i am showing as online income through small tasks just like freelancer job work.

lamcouz

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it can be said that bitcoin really helps me in everyday life from start to transaction until my income from bitcoin change my life become affluent. Indeed the claws of signature campaigns are very big from my job here because I happen to have a high enough rank so that my needs are all fulfilled not only is the transaction easier and faster and we do not need to travel to send money on the goods

chocolato

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I think it's very easy to turn black into white money because you do not have to prove your source but this trade is hampering the reputation of bitcoin. I sold my legal product to bitcoin but then when I pulled my coins through a legal exchange, I was afraid if they would think my money was too cheating because there was never any way to prove the source of bitcoin.

ringgo96

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I think for the money laundry thing is still in anticipation. because it is very can be done in the exchager that can anticipate the funds that are stolen from the user

Halk

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I think yes, it's very possible to launder money with bitkoyn, and I'm sure there have been many cases already. Of course, shadow transactions are suitable for bitcoins. If you look at real things, then we can make transactions anonymously on the Internet, and most sites are able to pay large amounts for campaign signatures, it's easy for us to launder money. Perhaps that is why the government is making efforts to track these deals and this allows people to be almost anonymous, so this and will always be the best way for people to evade taxes and launder money.

tuananh9858

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I think this is of course. Bitcoin money does not cost a single penny, only a small fee. But not worth it. Very worthwhile to use by the organization for the purpose of money laundering.

AjithBtc

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Quote from: NelfiNovita on July 09, 2018, 08:45:48 AM

it is very possible, because there have been many cases that bitcoin is used for negative things.
actually depends on our individual personality because bitcoin can be used for positive and negative things, I prefer to be positive because something is done the wrong way the result will not last long.

Money laundering is possible through bitcoin, and for the same we cannot say bitcoin has lead to money laundering. Even before the days of bitcoin into usage money laundering is found over the world. Its our goodness to be on the right side of bitcoin and make use of it for the betterment.

topkhai

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Bitcoin weakness is at this point "money laundering". Criminals have a great opportunity to do so because all the assets they have in the form of bitcoin can not be identified. Bitcoin is doubtful and we need a solution for this

cryptoguy1234

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Illegal tax avoidance is conceivable utilizing bitcoin since it was utilized namelessly. It can be washed through betting site, and exchanging site. Be that as it may, even in the fiat momey, illegal tax avoidance is anything but difficult to do. It is hard to be gotten since it was made with numerous exchange and it is difficult to follow where the cash went except if you spend much spotlight on it. Bitcoin profits washing since it is without bother. That is the motivation behind why bitcoin is utilized as method of cash in bootleg market. There os nothing to stop in illegal tax avoidance, even the administration can't stop it.

Gheka

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Quote from: imking on July 09, 2018, 09:08:08 AM

Quote from: shamzblueworld on January 09, 2017, 12:11:50 AM

Is it possible to do money laundering via bitcoin? I mean as no one knows if you have bitcoin and how much bitcoin do you actually own, it could be used to convert black money to white right? Or at least store your black money without much hassle. But there is the risk of its value but I think for people who have lots of black money and don't want to be caught, this risk might be worth taking for them isn't it?
What are your thoughts?

Yes, 100% that might happen that using the bitcoin on the money laundering. This some of the reason why the government takes action about the crypto. If someone is doing the money laundering via bitcoin, it too hard to track it by the government officials. For now, some government taking a regulation to reduce the people using the bitcoin or cryptocurrency as a tool on the different crimes.

Bitcoin is useful for money laundering operations, we can not deny that, although it was created to be a technological revolution, replacing people's awareness of digital money but because of the features that it offers as anonymous users, high liquidity, not under government control, everything that bitcoin possesses always seems to bring the advantage to the criminals. So even though bitcoin does not want people to use it that way but it still goes that way, the government has no other way to stop it except to try to promote illegal propaganda and bad activities in bitcoin

TomoBounty

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Yes It is Of course that's possible, Bitcoin is not controlled by Government or financial Organization, but not as easy as one might think. also there are better ways and if your money were used for illegal activity have their value reduced this was also a problem for the bitcoin fungibility

Leonardo7

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Ever since the crackdown on corruption started in my country, howbeit it is a political crack down. So the politicians have been converting their dark money into bitcoin, they do these through friends and associates proving it difficult to track them.

HasiViraj

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Since bitcoin depends on an arrangement of point to point on the decentralized framework, the outside world can not through a center foundation by controlling or close it, can not discover the cash stream behind the individual data, since untouchables can see it is a bitcoin wallet address and a string of arbitrary letters and advanced data. As another thing, the absence of legitimate control, bitcoin birth move toward becoming tax evasion and the offer of different booty heaven is unavoidable.

noneedmoney

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of course, because those who launder money with bitcoin will not look at him. and in my opinion there must be a lot of money laundering in bitcoin.

F.I.L.F

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Of course it is possible to launder money through bitcoin. it's possible to launder money with bitcoin and I'm sure there are already many cases happening, the reason why bitcoin is still in doubt, in the country where I live, worried bitcoin would be a great tool for criminals to clear money from tracking. do not like it, and why in some countries it is banned, but there are ways to find out if your money is being used for illegal activities.

Topic: Money laundering via BTC - page 12. (Read 39389 times)