Investing in Crypto is best way to turn Black money into White?

[preditor422]

I wanted to ask this question from long time.People living near me or are in contact with has advised me to invest all your black money into bitcoin or any other crypto and money will be safe.and whenever you need those money withdraw it according to your requirement.Is it the way investments are coming in Bitcoin or it's a myth?

[ramzhies]

can withdraw accordingly..easy

[dothebeats]

If you're pertaining to laundered money and converting it to bitcoin, essentially you can do that, however I don't recommend doing it because one way or another, the trail of the money you're using for bitcoin will be traced and you still might be prosecuted for your wrong doings. You also need to get verified on exchanges so you already left a trail for your own money. You just helped yourself get busted in the process.

And no, nowadays most money from the cryptoworld came clean (with, of course the exception of drug money circulating around the black market) due to the fact that more and more big investors are jumping on board.

[TeamUp]

It could be but not "best way" because even thou you convert you're fiat money to bitcoin, it will still leave a trail back to yourself since now a day major/big exchange company is regulated legally by there own specific government, thats why they required for youre personal information when you do trade with them. And please dont use Bitcoin as laundering money, people now a day easily misinterpret news, they might conclude it that the BITCOIN thing is a "SCAM"