Banks Launder $2 Trillion While Claiming BTC Is For Money Laundering?

[kryptqnick]

The op is right. I've seen various scandals with huge banks laundering money (I'm not just talking about neglect, I'm talking about banks taking part in those crimes), but somehow these banks are still in business and people still generally believe that banks can be trusted. Sometimes even a single big scandal exceeds Bitcoin's total market capitalization, so talking about Bitcoin being dangerous since some use it for money laundering is extremely unfair. And since all that accountability in the banks leads to huge sums laundered by those who are supposed to ensure that it's not possible, I'm skeptical about AML regulations being forced onto crypto exchanges and stuff, because clearly they're not helpful with fiat.

[Fundamentals Of]

Pointing fingers doesn't make them cleaner. They are trying to paint Bitcoin dirty and yet they can never hide the fact that they are the ones who are making money laundering a thing. They cannot say no to criminals in coat and ties.

Money laundering wouldn't be easy without their facilitation. Even money laundering through Bitcoin won't probably end without the dirty Bitcoins ending up in fiat.

[20kevin20]

Pointing fingers doesn't make them cleaner. They are trying to paint Bitcoin dirty and yet they can never hide the fact that they are the ones who are making money laundering a thing. They cannot say no to criminals in coat and ties.

Money laundering wouldn't be easy without their facilitation. Even money laundering through Bitcoin won't probably end without the dirty Bitcoins ending up in fiat.

The only reason they're pointing fingers is to attempt to stop Bitcoin. Let's face the truth here - a Bitcoin economy means there's no need for banks. No bank is stupid enough to say "yeah, let's self-destruct!". Money laundering isn't something new and I'd bet you anything that more than half of the wealthy ones have earned their money at one point the less legal way. So have politicians and so many other well-known people.

It's just more than easy to understand why they're against us: Bitcoin is against banks. Simple as that.

[skarais]

The only reason they're pointing fingers is to attempt to stop Bitcoin.

Just a series of experiment, but they never worked. I believe the government will not allow bitcoin to damage the economy, but we (the bitcoin community) already have a power that can cause fear in the government as well as the economy with bitcoin.
So far, the government seem to only see bitcoin as a criminal tool that can harm a country, but in fact they have also failed to stop similar cases with fiat. It doesnt make sense for the government to want to stop bitcoin just because it can be used by criminal, and I think there is an interest factor in that. Not a good idea.

~~~
I'd bet you anything that more than half of the wealthy ones have earned their money at one point the less legal way. So have politicians and so many other well-known people.

I can assure you that you will win that bet.
Its an open secret and the whole country can do it.

[hulla]

This is not true at all and you all understand it. BTC is not designed for money laundering. Much more money is laundered in other ways, including using the us dollar.

You are absolutely right because bitcoin was designed as an alternative means to make people financial freedom but the decentralized aspect of it is what the government and institutions don't like about it which the reeason why they make some false statements  about crgpto to be an instrument of money laundering and darkweb. But the information provided by the OP make us to understand that all the scam and launder done through crypto is still amateur.

[AmoreJaz]

The only reason they're pointing fingers is to attempt to stop Bitcoin.

Just a series of experiment, but they never worked. I believe the government will not allow bitcoin to damage the economy, but we (the bitcoin community) already have a power that can cause fear in the government as well as the economy with bitcoin.
So far, the government seem to only see bitcoin as a criminal tool that can harm a country, but in fact they have also failed to stop similar cases with fiat. It doesnt make sense for the government to want to stop bitcoin just because it can be used by criminal, and I think there is an interest factor in that. Not a good idea.

~~~
I'd bet you anything that more than half of the wealthy ones have earned their money at one point the less legal way. So have politicians and so many other well-known people.

I can assure you that you will win that bet.
Its an open secret and the whole country can do it.

money laundering has been here for ages already. so when they talk about btc for money laundering? they are just fooling themselves, looking for loopholes to ruin the image of btc?
 if they will educate themselves, they will know the true benefits that they can derive from using btc or blockchain tech. they are just scared for the things that will change once this technology is out even in government transactions.

[MCobian]

I wasn't surprised to knowing that Banks launder was $ 2 Trillion, because illegal activities that occur on fiat have existed
since Bitcoin did not exist. So it's a little surprising when the government considers Bitcoin to be used for money laundering
and financial terrorism. In fact, fiat is proven to be widely used for money laundering and financial terrorism. Maybe the
government is doing this to make Bitcoin look bad, because the government is afraid Bitcoin will replace fiat.

[noorammak]

Banks' jobs have been killing the economy.
People's confidence in the current financial system is declining, inflation and economic recession are also attributed to the current banking system.
Bitcoin and crypto can solve the above problems