Topic: tool for money laundering - true? (Read 102 times)
The media love sensationalism, especially when it comes to novel things that are unknown to the public. They take a couple of isolated cases and generalize against the cryptocurrencies, not with the aim of creating fear, but to generate big headlines with which to get clicks.
Such money laundering is certainly rare in peaceful regions. However, in war-torn countries, I think such a money-laundering method is likely to happen, because such a method is quick and easy, and it cannot be tracked!
Often you will hear from mainstream media outlets and other opponents that crypto currency is used as a tool for money laundering, drug deals and other forms of illegal activities. I don't know, maybe I just crawled out from under a rock or something and please correct me if I am wrong but hasn't that activity also been going on for a very long time with all forms of fiat currency across the globe?
Seems like a pretty lame argument against crypto to me.
Seems like a pretty lame argument against crypto to me.
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