Of course very poor argument that bitcoin is the key of money laundering. They want to make bitcoin like a reason of terrorism, money laundering and all kind of illegal things, they act like bitcoins is the reason of everything bad and banks are gifts given from heaven while in reality there are some very known facts how Deutche bank and others laundered billions but they close their eyes on it. And there are even more money laundering facts via banks that we don't know.
As you say, money laundering and all kinds of illegal things all depend on the users. Whatever I think it can be used as a tool for money laundering. Bitcoin, FIAT, Gold, Stock, everything can.
Yeah but it is easy to move it and keep it without a name attached to it.
1000 oz of gold is difficult to get from country a to country b
1.4 million in btc can get moved way easier.
But 1.4 million is also very easy to track with the public ledger that is free for everyone to see. What is really the best option here is, 1.4 million via a privacy coin (XMR, etc). Gold and stocks are possible, but very difficult to pull off correctly and you'd just be shooting yourself in the foot.
It is fair to say that the darknet is ruled by cash and the abundance of privacy coins available.
Another point is when they need to sell (with the KYC that comes with) yep, and I don't think these guys are living with bitcoins, nor a card, and nor they're interested in. They want banknotes...
See yourself, in Europe, why are they removing the 500€ bill? Because it was used only by criminals. Here, in the capital, you could even resell it 520€ to a Chinese shop. Dude, I would never have owned a 500€ bill in my life
Banks are mixers for fiats!
Wow, this is a great post. I heard some stories about the 500 EURO banknote, but I never knew it was that in demand. I do think that in all countries, the biggest banknote is always rare to obtain.
