Money laundering via BTC - page 25. | Bitcointalksearch.org

Viscore

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Quote from: diegz on February 02, 2017, 08:59:41 PM

Quote from: rozee on February 02, 2017, 08:24:02 PM

i think bitcoin is the best way to people do money laundering because bitcoin is anonymous and some site offer btc mixer of course its will easier to money laundering. Because of anonymous some villain use bitcoin to money laundering for their criminal activity its unfortunate but it is bitcoin, created with anonymous feature

I think so too. But who will do a money laundering when it is not so big? how will he put it back to dollar again? isn't it going to make a dip in the price? I think if many politicians will do a money laundering, then probably the price won't go stable specially if they do it just to wash the money and pull it out immediately. But it's good for the price if they are going to invest it for a long time in bitcoin.

The temporary effect which is the price increase would already help and will attract people to invest. Although they are just laundering there money, but the actions will result to creating a demand and we know when there is a demand, the price will increase especially with big volume.

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Quote from: AicecreaME on February 02, 2017, 09:37:23 PM

Quote from: mornabo on February 02, 2017, 06:53:14 PM

Quote from: sotoshihero on February 02, 2017, 06:40:40 PM

Quote from: mrkevio on January 28, 2017, 12:13:34 PM

Quote from: marketone on January 28, 2017, 11:00:35 AM

Laundering can be done through any type of currency especially with bitcoin, because bitcoin is biggest value coin where huge money can be transferred in single transaction through bitcoin, but it is not possible with fiat currency. Bulk transaction can be easily identified by banks, so it is very hard to transfer bulk transaction with fiat currency.

Are you sure it is impossible? There are maaany ways you can do this with fiat. You do not need to carry a million banknotes in a bag in order to transfer $1.000.000 to someone else without anyone knowing about it. But criminals existed even before Bitcoin, so it's certainly not the only way to launder money..

That true, not only for bitcoin that you can launder money. But now, with bitcoin it is very easy and anonymous that is why there are many transaction in dark web doing illegal services to selling illegal substance and bitcoin is payment.

Quote from: mornabo on February 02, 2017, 06:53:14 PM

I think the most easy to use to commit money laundering is bitcoin. but to start well-known and widely used. but bitcoin has features such as anonymous it will give a plus

Yes, that is why they are taking this advantage since bitcoin is anonymous. They are free whatever they wanted to do, and money laundering in one of the examples. Others are using it also on buying illegal stuffs on the black market on the Deepweb, using TOR browser and a VPN, for them to be completely anonymous and can't be easily track by just a normal person.

thats why bitcoin developers and blockchain technology must take actions about the said illegal things. it matters a lot for it is the way doers can be anonymous so they have no fear in going to prison or being busted. they should take care of the users of bitcoin so that many will use it. maybe it can be official if that happend

AicecreaME

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Quote from: mornabo on February 02, 2017, 06:53:14 PM

Quote from: sotoshihero on February 02, 2017, 06:40:40 PM

Quote from: mrkevio on January 28, 2017, 12:13:34 PM

Quote from: marketone on January 28, 2017, 11:00:35 AM

Laundering can be done through any type of currency especially with bitcoin, because bitcoin is biggest value coin where huge money can be transferred in single transaction through bitcoin, but it is not possible with fiat currency. Bulk transaction can be easily identified by banks, so it is very hard to transfer bulk transaction with fiat currency.

Are you sure it is impossible? There are maaany ways you can do this with fiat. You do not need to carry a million banknotes in a bag in order to transfer $1.000.000 to someone else without anyone knowing about it. But criminals existed even before Bitcoin, so it's certainly not the only way to launder money..

That true, not only for bitcoin that you can launder money. But now, with bitcoin it is very easy and anonymous that is why there are many transaction in dark web doing illegal services to selling illegal substance and bitcoin is payment.

Quote from: mornabo on February 02, 2017, 06:53:14 PM

I think the most easy to use to commit money laundering is bitcoin. but to start well-known and widely used. but bitcoin has features such as anonymous it will give a plus

Yes, that is why they are taking this advantage since bitcoin is anonymous. They are free whatever they wanted to do, and money laundering in one of the examples. Others are using it also on buying illegal stuffs on the black market on the Deepweb, using TOR browser and a VPN, for them to be completely anonymous and can't be easily track by just a normal person.

basesaw

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Quote from: ufaiz50 on February 02, 2017, 07:37:32 PM

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

yes trading using bitcoin not requiring you to indicate a personal identity to transact it. and bitcoin is the perfect way for the money laundering. recording in blockhain history of all transactions even the illegal transaction will have no use if we dont know who uses that transaction. so better yet having an identity for using blockchain technology will prevent any illegal things.

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Quote from: rozee on February 02, 2017, 08:24:02 PM

i think bitcoin is the best way to people do money laundering because bitcoin is anonymous and some site offer btc mixer of course its will easier to money laundering. Because of anonymous some villain use bitcoin to money laundering for their criminal activity its unfortunate but it is bitcoin, created with anonymous feature

I think so too. But who will do a money laundering when it is not so big? how will he put it back to dollar again? isn't it going to make a dip in the price? I think if many politicians will do a money laundering, then probably the price won't go stable specially if they do it just to wash the money and pull it out immediately. But it's good for the price if they are going to invest it for a long time in bitcoin.

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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?

Yeah I think it is possible to do money laundering via bitcoin,
bitcoin just make it easier to do it since the user are anonymous to other or the government.

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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?

Well we all know even if it is not bitcoin money laundering can be made,
but I guess bitcoin is much more easier to launder since government can't hold the user's transaction.

rozee

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i think bitcoin is the best way to people do money laundering because bitcoin is anonymous and some site offer btc mixer of course its will easier to money laundering. Because of anonymous some villain use bitcoin to money laundering for their criminal activity its unfortunate but it is bitcoin, created with anonymous feature

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Quote from: wavespump on February 02, 2017, 07:44:00 PM

Bitcoin is good for money laundrying because it is highly anonymous, but not fully anonymous, it is semi-anon. Actually there are altcoins for full-anon, XMR, DASH and so forth. XMR and DASH are darkmarket dealers' favorite currency, more anonymous than bitcoin, people can't find the transaction details like that on bitcoin blockchain.

Surely, I am sure the parties could control the bitcoin include XMR, DASH and more cryptocurrency transaction State intelligence, we all know that leaving a trail of each transaction, and no doubt the traces that can be used to find anyone who wanted to look for.

Gembul

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Quote from: ufaiz50 on February 02, 2017, 07:37:32 PM

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

Yes, some bitcoin news sites have been many who preach about people who commit illegal activities with bitcoin caught by law enforcement. And as we know bitcoin is not perfect, those gaps are used by law enforcement to catch these people.

Bitcoin does not need at the identity verification process, but some providers wallet and exchangers typically use such a verification process. Thank you

basesaw

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Quote from: wavespump on February 02, 2017, 07:44:00 PM

Bitcoin is good for money laundrying because it is highly anonymous, but not fully anonymous, it is semi-anon. Actually there are altcoins for full-anon, XMR, DASH and so forth. XMR and DASH are darkmarket dealers' favorite currency, more anonymous than bitcoin, people can't find the transaction details like that on bitcoin blockchain.

thats why it is easily used on blackmartket. bitcoin can be used easily and fast. it is the main coin that is being used in deepweb to transact illegal things. paying for some illegal in deepweb makes easier by the help of bitcoin. the developers of bitcoin should take action about this matter so that bitcoin will not be used in illegal things.

wavespump

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Bitcoin is good for money laundrying because it is highly anonymous, but not fully anonymous, it is semi-anon. Actually there are altcoins for full-anon, XMR, DASH and so forth. XMR and DASH are darkmarket dealers' favorite currency, more anonymous than bitcoin, people can't find the transaction details like that on bitcoin blockchain.

ufaiz50

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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

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Wolf

Quote from: sotoshihero on February 02, 2017, 06:40:40 PM

Quote from: mrkevio on January 28, 2017, 12:13:34 PM

Quote from: marketone on January 28, 2017, 11:00:35 AM

Laundering can be done through any type of currency especially with bitcoin, because bitcoin is biggest value coin where huge money can be transferred in single transaction through bitcoin, but it is not possible with fiat currency. Bulk transaction can be easily identified by banks, so it is very hard to transfer bulk transaction with fiat currency.

Are you sure it is impossible? There are maaany ways you can do this with fiat. You do not need to carry a million banknotes in a bag in order to transfer $1.000.000 to someone else without anyone knowing about it. But criminals existed even before Bitcoin, so it's certainly not the only way to launder money..

That true, not only for bitcoin that you can launder money. But now, with bitcoin it is very easy and anonymous that is why there are many transaction in dark web doing illegal services to selling illegal substance and bitcoin is payment.

All kinds of money can be used in money laudering but why is that some people are taking it all out on bitcoin saying it can increase the the rate of money laundering but if you look in the big picture USD is the most used cuurency when it comes to money laundering .

If you're planning to buy bitcoin bitcoin with a large amount of money do it in a peer to peer patform where no cards or banks are involved just a remittance centers but don't buy in one go . Divide it in a small portions .

mornabo

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Quote from: sotoshihero on February 02, 2017, 06:40:40 PM

Quote from: mrkevio on January 28, 2017, 12:13:34 PM

Quote from: marketone on January 28, 2017, 11:00:35 AM

Laundering can be done through any type of currency especially with bitcoin, because bitcoin is biggest value coin where huge money can be transferred in single transaction through bitcoin, but it is not possible with fiat currency. Bulk transaction can be easily identified by banks, so it is very hard to transfer bulk transaction with fiat currency.

Are you sure it is impossible? There are maaany ways you can do this with fiat. You do not need to carry a million banknotes in a bag in order to transfer $1.000.000 to someone else without anyone knowing about it. But criminals existed even before Bitcoin, so it's certainly not the only way to launder money..

That true, not only for bitcoin that you can launder money. But now, with bitcoin it is very easy and anonymous that is why there are many transaction in dark web doing illegal services to selling illegal substance and bitcoin is payment.

I think the most easy to use to commit money laundering is bitcoin. but to start well-known and widely used. but bitcoin has features such as anonymous it will give a plus

sotoshihero

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Quote from: mrkevio on January 28, 2017, 12:13:34 PM

Quote from: marketone on January 28, 2017, 11:00:35 AM

Laundering can be done through any type of currency especially with bitcoin, because bitcoin is biggest value coin where huge money can be transferred in single transaction through bitcoin, but it is not possible with fiat currency. Bulk transaction can be easily identified by banks, so it is very hard to transfer bulk transaction with fiat currency.

Are you sure it is impossible? There are maaany ways you can do this with fiat. You do not need to carry a million banknotes in a bag in order to transfer $1.000.000 to someone else without anyone knowing about it. But criminals existed even before Bitcoin, so it's certainly not the only way to launder money..

That true, not only for bitcoin that you can launder money. But now, with bitcoin it is very easy and anonymous that is why there are many transaction in dark web doing illegal services to selling illegal substance and bitcoin is payment.

deppil

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Quote from: Pab on February 02, 2017, 02:46:21 PM

Bitcoin s transparen,all transactions are public,in a case of fiat money there is possible to hide everything in bank books,there is n money laundering with bitcoin there was,there is and wil be with fiat,it is one of reasons why big banks dontwant to accept bitcoin

but despite all the transactions in bitcoin is transparent, but you will not know who the owner of the bitcoin address, so it still would be very easy to commit money laundering in bitcoin

CyberKuro

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Quote from: sherbyspark on January 09, 2017, 12:17:38 AM

Yes, it is very much possible to launder money with bitcoin and I am sure there are already many cases of this happening. This is also how most of the sites like bitmixer survive and are able to pay those big amounts out on signature campaigns. Since it allows people to be almost anonymous, therefore it is and will always be the best way for people to evade taxes and launder money. It is also the reason some governments are against it.

We know that bitcoin transaction is kept on blockchain which allowed people to traced it, the transactions are never truly anonymous.
Many illegal activities going through bitcoin but the evidence still there, including money laundering.
However, my concern about sites offering to mixer bitcoin, so it can't be traced right? But, I don't think those mixer sites will easily accept money laundering.
That's why some countries issued regulations about bitcoin and exchanges to prevent any kind of those transaction.

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Quote from: BTCLovingDude on January 29, 2017, 10:10:05 AM

Quote from: Arvydas77 on January 29, 2017, 08:36:39 AM

I don't think that Bitcoin is popular method for money laundering. Just look at market cap and daily volume - it is too small. Money laundering is done via the old channels and they do not need Bitcoins. Swiss banks welcomes all

About 15 Swiss banks reportedly in money laundering 'red zone'

it is because many people think money laundering is just changing a 100 dollar bill to 5x 20 dollar bills or sending 10BTC to a mixer and getting 10BTC clean!!!
that is not it at all. money laundering means you put dirty money in your business or something similar and report it as your legit earning. for example you have a restaurant and at the end of the month you say you had 1000 more customers than you really had, pay the taxes and have it as clean money.

no , i have heard someone explained clearly about this before , not sure where.
but the point is you can do money laundering in bitcoin by convert your money to bitcoin > create bitcoin marketplace site that selling digital goods > and then buy the digital goods by sending the bitcoin that you have to your own site and voila! mission completed.

Pab

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Bitcoin s transparen,all transactions are public,in a case of fiat money there is possible to hide everything in bank books,there is n money laundering with bitcoin there was,there is and wil be with fiat,it is one of reasons why big banks dontwant to accept bitcoin

Topic: Money laundering via BTC - page 25. (Read 39389 times)