Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: CryptikEnigma on June 15, 2018, 06:05:16 PM



Title: tool for money laundering - true?
Post by: CryptikEnigma on June 15, 2018, 06:05:16 PM
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.


Title: Re: tool for money laundering - true?
Post by: malading on June 16, 2018, 11:31:52 AM
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!


Title: Re: tool for money laundering - true?
Post by: bartolo on June 16, 2018, 09:33:35 PM
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.