UK's HMT (Her Majesty's Treasury) did a report on potential avenues for money laundering. Digital currencies were found to be the least likely method to finance terrorism or criminal risk.
Yes, possible but there are more mainstream and easier methods.
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/468210/UK_NRA_October_2015_final_web.pdf
Topic: Money laundering via BTC - page 41. (Read 39481 times)
yeah it is a good way for laundry money due to bitcoins anonymaty, i have no doubt that there are a lot of lpeople doing it rigth now, that cant be helped
yes i am also agree with you that bitcoin is really the most easiest way of money laundary and one can do that without any risk. but i think most fo the money alundary cases will be in under developed countries whose people and leaders are mostly corrupted people and they wan to prevent themselves from tax. 
yeah it is a good way for laundry money due to bitcoins anonymaty, i have no doubt that there are a lot of lpeople doing it rigth now, that cant be helped
yes i am also agree with you that bitcoin is really the most easiest way of money laundary and one can do that without any risk. but i think most fo the money alundary cases will be in under developed countries whose people and leaders are mostly corrupted people and they wan to prevent themselves from tax. That's common, not only in the developed countries everywhere its found. People feel of paying tax , because they have earned it hard as well they pay for each and everything separate tax, so what's the need of levying tax once again. Recently too Murgio, an illegal exchange intermediate have been victimized for involving into billions of money laundering using bitcoin.
yeah it is a good way for laundry money due to bitcoins anonymaty, i have no doubt that there are a lot of lpeople doing it rigth now, that cant be helped
yes i am also agree with you that bitcoin is really the most easiest way of money laundary and one can do that without any risk. but i think most fo the money alundary cases will be in under developed countries whose people and leaders are mostly corrupted people and they wan to prevent themselves from tax. That's common, not only in the developed countries everywhere its found. People feel of paying tax , because they have earned it hard as well they pay for each and everything separate tax, so what's the need of levying tax once again. Recently too Murgio, an illegal exchange intermediate have been victimized for involving into billions of money laundering using bitcoin.
yeah it is a good way for laundry money due to bitcoins anonymaty, i have no doubt that there are a lot of lpeople doing it rigth now, that cant be helped
Dude, stop whoring your referral and post something that makes sense. Bitcoin is not anonymous, it is pseudo anonymous, so it does not
make it ideal to use this technology to launder any money. Most of that money has to enter the fiat system at some time, and then the
regulated exchanges will strip ALL anonymity. If you keep it in bitcoin and spend it, it makes it easier to trace you... so it is actually a horrible
method to launder money.
yeah it is a good way for laundry money due to bitcoins anonymaty, i have no doubt that there are a lot of lpeople doing it rigth now, that cant be helped
yes i am also agree with you that bitcoin is really the most easiest way of money laundary and one can do that without any risk. but i think most fo the money alundary cases will be in under developed countries whose people and leaders are mostly corrupted people and they wan to prevent themselves from tax. 
Yes of course, its one of the reasons why every countries are wary of it . When my country issued a warning on virtual currrencies they have also included it or have it as their number one example of legal risks .
However you must know that bitcoin is not absolutely anonymous but it is pseudo-nymous that is why it is difficult to trace . And most people who owns a huge amount of it keep it divided in a different addresses . Then again money laundering depends per country cause some countries regulates bitcoin so It will be difficult .
However you must know that bitcoin is not absolutely anonymous but it is pseudo-nymous that is why it is difficult to trace . And most people who owns a huge amount of it keep it divided in a different addresses . Then again money laundering depends per country cause some countries regulates bitcoin so It will be difficult .
yeah it is a good way for laundry money due to bitcoins anonymaty, i have no doubt that there are a lot of lpeople doing it rigth now, that cant be helped
Dude, stop whoring your referral and post something that makes sense. Bitcoin is not anonymous, it is pseudo anonymous, so it does not
make it ideal to use this technology to launder any money. Most of that money has to enter the fiat system at some time, and then the
regulated exchanges will strip ALL anonymity. If you keep it in bitcoin and spend it, it makes it easier to trace you... so it is actually a horrible
method to launder money.
yeah it is a good way for laundry money due to bitcoins anonymaty, i have no doubt that there are a lot of lpeople doing it rigth now, that cant be helped
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?
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.
of course, money laundering is possible if using bitcoin. very many sites laundering bitcoin providers. basically bitcoin transaction it is very difficult to be tracked anyone who uses it. may have been many people who have committed money laundering by using bitcoin.
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. 
It's not the feature, it's more like an abuse on the deficiency of the system.
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?
However, it is indeed possible to do that on Bitcoin. Have you ever heard about Bitcoin mixer? That's the place where you can remove the trace of your Bitcoin transaction.
But remember, there's no perfect anonymity.
Money laundering with Bitcoin is only possible if you can get dealer selling Bitcoin for cash and as far i know most of countries prohibits Bitcoin/Cash transaction and therefor most of buying and selling of Bitcoin done through Online banking/debit/credit card so if you do transaction through Bank than you are not hidden but if you get success in finding Bitcoin dealer who agrees to sell his Bitcoin with cash than money laundering is possible.
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.
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.
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?
This is one of the thing why government wouldnt like to adopt bitcoin because of this matter and yes,its really possible to use bitcoin on money laundering because anytime you could able to hold and hide your money its either on white or black money and we know bitcoin is anonymous thats why its capable of doing such task. What are your thoughts?
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?
As long as you don't convert your bitcoins to fiat, it can be done (e.g. through mixers or exchanges). But as soon as you try to withdraw fiat, you are pretty much screwed overall. The bottleneck here is withdrawing big amounts of fiat without getting noticed by the anti-money laundering agencies. I guess there are ways to hide the real ownership of bitcoins just like it is done with fiat, but this seems to be more related to money-laundering through fiat itself rather than Bitcoin...
Why are you asking this?
The problem is getting in and out of bitcoin that would cause you problems laundering, most exchanges require ID for you to use them, basically you would have to have a contact with alot of bitcoin to sell to you in cash.
This is an interesting issue. honestly this time has a lot of my friends are doing it. they earn money by illegal.
This is a weakness of bitcoin, bitcoin very anonymouse so the authorities can not act.
This is a weakness of bitcoin, bitcoin very anonymouse so the authorities can not act.
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