I think that money laundering would be a little easier if more people used Bitcoin.
This is very likely, everyone will use bitcoin for money laundering. but with prices down like this, certainly they thought of canceling if saving money in bitcoin.
Topic: Money laundering via BTC - page 40. (Read 39389 times)
This is very likely, everyone will use bitcoin for money laundering. but with prices down like this, certainly they thought of canceling if saving money in bitcoin.
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?
There is money laundering with fiat, by using fake business and all kind of dirty tricks, so it is not a surprise that money laundering can be done with bitcoin or with any other crypto currency. What are your thoughts?
I think that money laundering would be a little easier if more people used Bitcoin.
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?
What are your thoughts?
Yes actually there are people that has been doing laundering with bitcoin. In fact, here in my country the central bank advises not to use bitcoin.
Because they found out that many of my countrymen are using it to launder money and there was a case that someone laundered almost $70 million money from Bangladesh bank.
I think most of the people in the dark net are doing this most of the time.
Haven't you know what did Russia before about bitcoin? They did really banned bitcoin by that time, but suddenly they have removed the ban.
Actually there are still a lot of countries that are banning bitcoin to penetrate to their jurisdiction.
Just like Lebanon
The government of Lebanon has issued a warning discouraging the use of bitcoin and other similar systems.
You may try to check the legality of bitcoin for different countries. https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country
If you have 50k stolen euro's and you put that 50k stolen euro's in bitcoin (cash to btc) and cash out on your bank account it is still illegal money?
Yes, it is still illegal money, allmoney which you get by laundering is illegal. While they are illegal, you can mask them as legal by some transactions. For example you can deposit that money on casino websites and than withdraw them, use bitcoin mixers yo mix your coins and after that steps you get money which you know is illegal but there is no doubts from anyone about that money.
I would be very surprised if such activity did not take place.
This is only natural, there is something valuable, like bitcoin there are greedy people with a lot of cash, possessed from illegal sources.
not need to be a genius to quickly reassume the facts.
Is it possible to laundry? Easily.
It is probably a lot safer not only for the criminal but also for little man making the operation.
This may be beneficial to all the rest bag holders... grey area from moral standpoint but there is nothing decent people can do.
This is only natural, there is something valuable, like bitcoin there are greedy people with a lot of cash, possessed from illegal sources.
not need to be a genius to quickly reassume the facts. Is it possible to laundry? Easily.
It is probably a lot safer not only for the criminal but also for little man making the operation.
This may be beneficial to all the rest bag holders... grey area from moral standpoint but there is nothing decent people can do.
Money laundering can happened with any type of currency same as with bitcoin, but when you are transacting with fiat currency government will easily identify the transaction but through bitcoin it is not possible because each person has different address with no names, no banks involved in it. So it is very hard to find with bitcoin to whom we are transferring.
Actually a bitcoin can also be tracked, if we buy a bitcoin of exchanger could certainly easily tracked. I think though the anonymous, State with a variety of tools will be easy to found. Let's use the bitcoin wisely. 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?
What are your thoughts?
Its very possible and I have even heard how companies having branches in other countries and due to tight exchange policies of moving funds abroad go through the route of bitcoin by buying bitcoin in large number then sending to the address abroad then convert to fiat over there. Its as simple as that. Even recently I read about China's investigation into capital flight as a result of the use if bitcoin.
Bitcoins are pseudo anonymous. Your transactions can always be traced back to your initial wallet, a system which is not a flaw but made on purpose by the developers.But you can still avoid legal actions if your coins goes through several wallets and you deny your ownership and say it was a gift from someone or say that you got it from mining.
Money laundering can happened with any type of currency same as with bitcoin, but when you are transacting with fiat currency government will easily identify the transaction but through bitcoin it is not possible because each person has different address with no names, no banks involved in it. So it is very hard to find with bitcoin to whom we are transferring.
Real money launders work with large amount of money. Just 20 money launders can use all the bitcoins but the value of the bitcoin which is volatile cant save the their resources. With money laundering Bitcoin should get scarce and should price increases.
in fact the perpetrators of money laundering is a very irresponsible. all the things that break the law should be eliminated.it seems the criminals do not yet know if yes bitcoin might be many trasaksi they do through bitcoin, it's possible that such transactions will be tracked?
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?
What are your thoughts?
Yes actually there are people that has been doing laundering with bitcoin. In fact, here in my country the central bank advises not to use bitcoin.
Because they found out that many of my countrymen are using it to launder money and there was a case that someone laundered almost $70 million money from Bangladesh bank.
I think most of the people in the dark net are doing this most of the time.
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?
What are your thoughts?
Yes actually there are people that has been doing laundering with bitcoin. In fact, here in my country the central bank advises not to use bitcoin.
Because they found out that many of my countrymen are using it to launder money and there was a case that someone laundered almost $70 million money from Bangladesh bank.
I think most of the people in the dark net are doing this most of the time.
Since bitcoin is based on a set of point to point on the decentralized system, the outside world can not through a core infrastructure by controlling or close it, can not find the money flow behind the personal information, because outsiders can see it is a bitcoin wallet address and a string of random letters and digital information. As a new thing, the lack of legal regulation, bitcoin birth become money laundering and the sale of various contraband paradise is inevitable.
Yes of course, with save our money to bitcoin anyone don't know and track, this is the bad side of bitcoin that anonymous. But it depends of peoples, for me if I have big money will report to the governement if I save my money to bitcoin.
If you have 50k stolen euro's and you put that 50k stolen euro's in bitcoin (cash to btc) and cash out on your bank account it is still illegal money?
Am I stupid our do you guys not see this?
If you want to launder it you should setup a fake business that get a lot of fake income from bitcoin.
Gl with that..
Better open a shitty barber store.
Am I stupid our do you guys not see this?
If you want to launder it you should setup a fake business that get a lot of fake income from bitcoin.
Gl with that..
Better open a shitty barber store.
That's one way of going about it. The mafia always had restaurants, barber shops, anything that would generate cash anyways. That way they could just say it was tips or a bonus or really whatever they wanted.
Laundering with bitcoins is so much simpler. Go to the address in my signature. Boom.
if you are going for business laundering then you should use a service industry. there is no way to track the movement of an intangible object.
If you have 50k stolen euro's and you put that 50k stolen euro's in bitcoin (cash to btc) and cash out on your bank account it is still illegal money?
Am I stupid our do you guys not see this?
If you want to launder it you should setup a fake business that get a lot of fake income from bitcoin.
Gl with that..
Better open a shitty barber store.
Am I stupid our do you guys not see this?
If you want to launder it you should setup a fake business that get a lot of fake income from bitcoin.
Gl with that..
Better open a shitty barber store.
That's one way of going about it. The mafia always had restaurants, barber shops, anything that would generate cash anyways. That way they could just say it was tips or a bonus or really whatever they wanted.
Laundering with bitcoins is so much simpler. Go to the address in my signature. Boom.
It is possible, but bitcoin is not fully anonymous, so using a mixer may be tracked. Some landry money with monero or dash, which is more secure.
the silk road captures were tracked based on the amounts of the tx's. so, yes, if you buy $50,000 worth of btc with illegal funds and then cash that same amount out, it is easily traced, especially if there was a very recent drug trade for $50,000
If you have 50k stolen euro's and you put that 50k stolen euro's in bitcoin (cash to btc) and cash out on your bank account it is still illegal money?
Am I stupid our do you guys not see this?
If you want to launder it you should setup a fake business that get a lot of fake income from bitcoin.
Gl with that..
Better open a shitty barber store.
Am I stupid our do you guys not see this?
If you want to launder it you should setup a fake business that get a lot of fake income from bitcoin.
Gl with that..
Better open a shitty barber store.
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