Topic: Money laundering via BTC - page 24. (Read 39389 times)
Based on what I found in bitcoin according to its definition, Bitcoin is very hands on in so many ways. I can imagine that any individuals they can use bitcoin for whatever purposes whether it is legal or illegal. No one can stop it. Even in money laundering they can really use bitcoin through in black market, because maybe they're avoiding big taxes in the government, sounds like that. I guess bitcoin will not be abuse by somebody in illegal activities.
It is quite possible, if people know how easy it is to save money so that avoid taxes certainly bitcoin is the place. This is one of the weaknesses of the bitcoin too free to use by anyone. I think this should be repaired immediately because it could create a state block bitcoin.
It is not a weakness, it's a good feature, everyone should be free to use bitcoin and that is what makes bitcoin great and much greater in the future... When everyone is using it, it will be strong... So I don't see it as a weakness totally, but partly yes, since it is not like bank who asks many things about the one holding an account...
But I have a thinking that bitcoin has only just began, and maybe in the future, there will be a solution to that...I think so, this is a nice feature, we all know that the price of the bitcoin can be very dynamic, up and down hundreds of percent in a year. I'm sure, although bitcoin is a safe place for money laundering, but there is a big risk. Example: someone buy 1 bitcoin with price at $1,000 and then he bought 1,000 btc, then when the price becomes $700, for sure he will crying. Believe me, it is not possible be people making bitcoin as money laundering.
for now it is good for us bitcoin users. But in the long run maybe it will be the same as fiat money. They can let us give taxes if the government told so. So better if we use it now and feel free to use its features before its too late.
I've always been under the impression that bitcoin is completely anonymous but the more I read about it, the more I'm starting to be convinced that it isn't. There would be ways to track the money. There may be services like mixers that might help in the process but these companies could eventually find themselves under government surveillance. Never underestimate the state's capacity to use force.
Though it might seem troubling that they'd probably get around to tracking how we use our money, that's not always a bad thing. Everyone would probably agree that it's our obligation to pay taxes and that most money laundered have been made by stealing people's money (scams, hacking, etc) or exploiting them (drug sales, prostitution rings, etc).
Though it might seem troubling that they'd probably get around to tracking how we use our money, that's not always a bad thing. Everyone would probably agree that it's our obligation to pay taxes and that most money laundered have been made by stealing people's money (scams, hacking, etc) or exploiting them (drug sales, prostitution rings, etc).
Bitcoin isn't completely anonymous, there are several criminal organizations here rolled up and all their btc was confiscated after that they just followed the trail on blockchain where it all went and even more people got arrested. It does require a lot of work to find such things out but seemingly it can.
I'm not sure what if they would had used randomizes for the coins where the servers are placed in a country where we aren't allowed acces to. It would for sure had made things more difficult.
Or else people could convert to a true anonymous coin like monero, do some transactions and exchane back to btc to sell it. There are some ways I believe to hide it.
I agree it is our obligation to pay taxes and I'm glad some people are audited who try to get out of it.
It is our obligation to pay taxes and i dont recommend laundering money because that is a crime, but if someone runs their coins through Helix through their onion hidden service then I dont know how anyone can ever trace back the coins back to the original sender, so you dont even need monero to do that.
I've always been under the impression that bitcoin is completely anonymous but the more I read about it, the more I'm starting to be convinced that it isn't. There would be ways to track the money. There may be services like mixers that might help in the process but these companies could eventually find themselves under government surveillance. Never underestimate the state's capacity to use force.
Though it might seem troubling that they'd probably get around to tracking how we use our money, that's not always a bad thing. Everyone would probably agree that it's our obligation to pay taxes and that most money laundered have been made by stealing people's money (scams, hacking, etc) or exploiting them (drug sales, prostitution rings, etc).
Though it might seem troubling that they'd probably get around to tracking how we use our money, that's not always a bad thing. Everyone would probably agree that it's our obligation to pay taxes and that most money laundered have been made by stealing people's money (scams, hacking, etc) or exploiting them (drug sales, prostitution rings, etc).
Bitcoin isn't completely anonymous, there are several criminal organizations here rolled up and all their btc was confiscated after that they just followed the trail on blockchain where it all went and even more people got arrested. It does require a lot of work to find such things out but seemingly it can.
I'm not sure what if they would had used randomizes for the coins where the servers are placed in a country where we aren't allowed acces to. It would for sure had made things more difficult.
Or else people could convert to a true anonymous coin like monero, do some transactions and exchane back to btc to sell it. There are some ways I believe to hide it.
I agree it is our obligation to pay taxes and I'm glad some people are audited who try to get out of it.
I've always been under the impression that bitcoin is completely anonymous but the more I read about it, the more I'm starting to be convinced that it isn't. There would be ways to track the money. There may be services like mixers that might help in the process but these companies could eventually find themselves under government surveillance. Never underestimate the state's capacity to use force.
Though it might seem troubling that they'd probably get around to tracking how we use our money, that's not always a bad thing. Everyone would probably agree that it's our obligation to pay taxes and that most money laundered have been made by stealing people's money (scams, hacking, etc) or exploiting them (drug sales, prostitution rings, etc).
Though it might seem troubling that they'd probably get around to tracking how we use our money, that's not always a bad thing. Everyone would probably agree that it's our obligation to pay taxes and that most money laundered have been made by stealing people's money (scams, hacking, etc) or exploiting them (drug sales, prostitution rings, etc).
Right dude, I personally agree that law enforcement in this case is the government to intervene like that. Such illegal activities is to be upheld, because it harms others. Although a little difficult to keep track of bitcoin transactions but I believe that the authorities always have his own way. Good or government interference depends upon the perspective of each person.And money laundering is beneficial for criminals, and therefore need an active role in law enforcement in this case. Thank you
You want law enforcement near ours? We will all problems here if that happens. Look, if the government starts interacting with the bitcoin community there will be charges that will be on our heads. Privacy is being a crime now. They dont want people keeping secrets with them specially one without tax. Here we dont pay taxes and thatvis against rhe law. That is why this criminal activities are being held here. They know they wont see because theee is no trace of legality.
Its an illegal act and is punishable by law when bitcoin is used on laundering money, because that is not transparent to the government regulation and through laundering illegal transactions is prone to happen. We don't want bitcoin to have bad reputation right? So if we knew something involved to any cases like this linked to btc laundering, it should be reported so that i will be stopped in an earlier time.
i think that there is only one solution for that, that governments should consider bitcoin as legal. and after they they can also impose tax on it and can also put tax on it on transaction of bitcoin from one country to another. although it is loosing difficult but i think it is not such big problem for the governments to do arrangements for that. Bitcoin getting regulated by governments needs more time. This is not simple to make arrangements to track the transactions and impose tax. The uncontrollable factor keeps it hard to find the person behind the laundering service. Eliminating bitcoin from money laundering is a difficult and a task which is 80% impossible.
I've always been under the impression that bitcoin is completely anonymous but the more I read about it, the more I'm starting to be convinced that it isn't. There would be ways to track the money. There may be services like mixers that might help in the process but these companies could eventually find themselves under government surveillance. Never underestimate the state's capacity to use force.
Though it might seem troubling that they'd probably get around to tracking how we use our money, that's not always a bad thing. Everyone would probably agree that it's our obligation to pay taxes and that most money laundered have been made by stealing people's money (scams, hacking, etc) or exploiting them (drug sales, prostitution rings, etc).
Though it might seem troubling that they'd probably get around to tracking how we use our money, that's not always a bad thing. Everyone would probably agree that it's our obligation to pay taxes and that most money laundered have been made by stealing people's money (scams, hacking, etc) or exploiting them (drug sales, prostitution rings, etc).
Right dude, I personally agree that law enforcement in this case is the government to intervene like that. Such illegal activities is to be upheld, because it harms others. Although a little difficult to keep track of bitcoin transactions but I believe that the authorities always have his own way. Good or government interference depends upon the perspective of each person.And money laundering is beneficial for criminals, and therefore need an active role in law enforcement in this case. Thank you
Its an illegal act and is punishable by law when bitcoin is used on laundering money, because that is not transparent to the government regulation and through laundering illegal transactions is prone to happen. We don't want bitcoin to have bad reputation right? So if we knew something involved to any cases like this linked to btc laundering, it should be reported so that i will be stopped in an earlier time.
I think that there is only one solution for that, that governments should consider bitcoin as legal. and after they they can also impose tax on it and can also put tax on it on transaction of bitcoin from one country to another. although it is loosing difficult but i think it is not such big problem for the governments to do arrangements for that. 
I've always been under the impression that bitcoin is completely anonymous but the more I read about it, the more I'm starting to be convinced that it isn't. There would be ways to track the money. There may be services like mixers that might help in the process but these companies could eventually find themselves under government surveillance. Never underestimate the state's capacity to use force.
Though it might seem troubling that they'd probably get around to tracking how we use our money, that's not always a bad thing. Everyone would probably agree that it's our obligation to pay taxes and that most money laundered have been made by stealing people's money (scams, hacking, etc) or exploiting them (drug sales, prostitution rings, etc).
Though it might seem troubling that they'd probably get around to tracking how we use our money, that's not always a bad thing. Everyone would probably agree that it's our obligation to pay taxes and that most money laundered have been made by stealing people's money (scams, hacking, etc) or exploiting them (drug sales, prostitution rings, etc).
Of course it is possible to launder money via Bitcoin. Otherwise, Bitcoin cannot be considered the equivalent of a real currency, because the ability to launder money is a "feature" of every fiat currency. 
Bitcoin cannot be control because of it decentralization natured. My fear and why government all over the world are bragging feet about bitcoin adoption is because of laundering. Many evils people may be trying to use bitcoin for their evil intention. Adoption of cryptocurtencies lay on this, if governments will adopt it then there most be set of control , if not evils people will use it as a tool for their evils. Its an illegal act and is punishable by law when bitcoin is used on laundering money, because that is not transparent to the government regulation and through laundering illegal transactions is prone to happen. We don't want bitcoin to have bad reputation right? So if we knew something involved to any cases like this linked to btc laundering, it should be reported so that i will be stopped in an earlier time.
i think that there is only one solution for that, that governments should consider bitcoin as legal. and after they they can also impose tax on it and can also put tax on it on transaction of bitcoin from one country to another. although it is loosing difficult but i think it is not such big problem for the governments to do arrangements for that. 
It is quite possible, if people know how easy it is to save money so that avoid taxes certainly bitcoin is the place. This is one of the weaknesses of the bitcoin too free to use by anyone. I think this should be repaired immediately because it could create a state block bitcoin.
It is not a weakness, it's a good feature, everyone should be free to use bitcoin and that is what makes bitcoin great and much greater in the future... When everyone is using it, it will be strong... So I don't see it as a weakness totally, but partly yes, since it is not like bank who asks many things about the one holding an account...
But I have a thinking that bitcoin has only just began, and maybe in the future, there will be a solution to that...I think so, this is a nice feature, we all know that the price of the bitcoin can be very dynamic, up and down hundreds of percent in a year. I'm sure, although bitcoin is a safe place for money laundering, but there is a big risk. Example: someone buy 1 bitcoin with price at $1,000 and then he bought 1,000 btc, then when the price becomes $700, for sure he will crying. Believe me, it is not possible be people making bitcoin as money laundering.
for now it is good for us bitcoin users. But in the long run maybe it will be the same as fiat money. They can let us give taxes if the government told so. So better if we use it now and feel free to use its features before its too late.
The government can detect or trace us if they chooses to, they just do it based on priority and bitcoin is not a big threat for them yet.
It is quite possible, if people know how easy it is to save money so that avoid taxes certainly bitcoin is the place. This is one of the weaknesses of the bitcoin too free to use by anyone. I think this should be repaired immediately because it could create a state block bitcoin.
It is not a weakness, it's a good feature, everyone should be free to use bitcoin and that is what makes bitcoin great and much greater in the future... When everyone is using it, it will be strong... So I don't see it as a weakness totally, but partly yes, since it is not like bank who asks many things about the one holding an account...
But I have a thinking that bitcoin has only just began, and maybe in the future, there will be a solution to that...I think so, this is a nice feature, we all know that the price of the bitcoin can be very dynamic, up and down hundreds of percent in a year. I'm sure, although bitcoin is a safe place for money laundering, but there is a big risk. Example: someone buy 1 bitcoin with price at $1,000 and then he bought 1,000 btc, then when the price becomes $700, for sure he will crying. Believe me, it is not possible be people making bitcoin as money laundering.
for now it is good for us bitcoin users. But in the long run maybe it will be the same as fiat money. They can let us give taxes if the government told so. So better if we use it now and feel free to use its features before its too late.
It is quite possible, if people know how easy it is to save money so that avoid taxes certainly bitcoin is the place. This is one of the weaknesses of the bitcoin too free to use by anyone. I think this should be repaired immediately because it could create a state block bitcoin.
It is not a weakness, it's a good feature, everyone should be free to use bitcoin and that is what makes bitcoin great and much greater in the future... When everyone is using it, it will be strong... So I don't see it as a weakness totally, but partly yes, since it is not like bank who asks many things about the one holding an account...
But I have a thinking that bitcoin has only just began, and maybe in the future, there will be a solution to that...I think so, this is a nice feature, we all know that the price of the bitcoin can be very dynamic, up and down hundreds of percent in a year. I'm sure, although bitcoin is a safe place for money laundering, but there is a big risk. Example: someone buy 1 bitcoin with price at $1,000 and then he bought 1,000 btc, then when the price becomes $700, for sure he will crying. Believe me, it is not possible be people making bitcoin as money laundering.
It is quite possible, if people know how easy it is to save money so that avoid taxes certainly bitcoin is the place. This is one of the weaknesses of the bitcoin too free to use by anyone. I think this should be repaired immediately because it could create a state block bitcoin.
It is not a weakness, it's a good feature, everyone should be free to use bitcoin and that is what makes bitcoin great and much greater in the future... When everyone is using it, it will be strong... So I don't see it as a weakness totally, but partly yes, since it is not like bank who asks many things about the one holding an account...
But I have a thinking that bitcoin has only just began, and maybe in the future, there will be a solution to that... 
It is quite possible, if people know how easy it is to save money so that avoid taxes certainly bitcoin is the place. This is one of the weaknesses of the bitcoin too free to use by anyone. I think this should be repaired immediately because it could create a state block bitcoin.
Its an illegal act and is punishable by law when bitcoin is used on laundering money, because that is not transparent to the government regulation and through laundering illegal transactions is prone to happen. We don't want bitcoin to have bad reputation right? So if we knew something involved to any cases like this linked to btc laundering, it should be reported so that i will be stopped in an earlier time.
First and foremost, how will catch them? If you can see one, then probably they doing it in public and probably it's not an illegal money. A clever man who wants to do a laundering, they won't show it to you or publicly, unless you are close to them, with that, you can't just report them, it's like those who are having a friend who has a illegal electrical connection, you can't just tell the authority about them.
it's might happen remember not require personal identity to transact it is a perfect way for money laundering but all bitcoin transactions recorded in blockchain. but I read some articles there are some people caught because bitcoin
I have come through the news that many people caught because of bitcoin, government are not forcing people to use bitcoin but in the same way government should take some precaution about these bitcoin laundering. The man behind bitcoin create with a cause but some people are miss using it.
Its an illegal act and is punishable by law when bitcoin is used on laundering money, because that is not transparent to the government regulation and through laundering illegal transactions is prone to happen. We don't want bitcoin to have bad reputation right? So if we knew something involved to any cases like this linked to btc laundering, it should be reported so that i will be stopped in an earlier time.
it's might happen remember not require personal identity to transact it is a perfect way for money laundering but all bitcoin transactions recorded in blockchain. but I read some articles there are some people caught because bitcoin
I have come through the news that many people caught because of bitcoin, government are not forcing people to use bitcoin but in the same way government should take some precaution about these bitcoin laundering. The man behind bitcoin create with a cause but some people are miss using it.
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