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Author Topic: Buying bitcoin is not equal to money laundering  (Read 187 times)
nareshrohra (OP)
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October 15, 2017, 01:16:23 PM
 #1

Bitcoin has seen a lot of turmoil since its inception. What I feel lacking is the real world applications for it. There are few but not enough I guess. With that not there it's easy for someone to correlate buying bitcoins for anything other than using it in day-2-day life. And that includes money laundering

For example this bank asking customers what is the purpose of bitcoin
https://news.bitcoin.com/bank-threatens-to-close-customers-account-for-buying-bitcoin/

Do you think there should be more usages for bitcoin introduced or perhaps I don't have the right impression (if so then it seems I am not alone)?

Also, I mostly see community veterans recommending to HODL but never recommending to spend it in place of Fiat money. Won't that will help more than just HODLing it?

cryptocoinmystic
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October 26, 2017, 06:01:29 PM
 #2

No, buying bitcoin is NOT money laundering
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