money laundering

[Redones]

is bitcoin open way forward money launderer to get safe money,i asked that because its appear that bitcoins is verry hard to control or track

[1713523698]

1713523698

[1713523698]

1713523698

[1713523698]

1713523698

[1713523698]

1713523698

[1713523698]

1713523698

[1713523698]

1713523698

[deisik]

is bitcoin open way forward money launderer to get safe money,i asked that because its appear that bitcoins is verry hard to control or track

Bitcoin is not very hard to track. Why do you ask? If someone is after you and have enough power and incentive (say, some governmental agency), you will get caught sooner or later...

This has been discussed already

[vvv8]

HEY GUSY, I'M JUST SOME 1 POSTER SCRUB MAKING SOME RANDOM TOPIC ABOUT SOMETHING THAT IS EITHER ALREADY KNOWN, OR DOESN'T MATTER, OR IS FICTITIOUS.

I DO THIS, BECAUSE I'VE GOT A SIGNATURE AND I'M TRYING TO GET THINGS FOR DOING NOTHING BUT SPAMMING. THIS IS MY CONTRIBUTION TO THE WORLD!!

THNX GUYS, INSERT BTC ADDRESS HERE__________________________________________________

I LIKE HOW THE GUY ABOVE ME IS PLAYING ALONG WITH IT 

[NeuroticFish]

Bitcoin is rather easy to track. Silk Road business was a cold shower for the ones thinking otherwise.

Sorry, but most people don't read all-caps texts because such texts are just retarded.
So if you want to actually say something and want it to be read, try to grow up, think before you write and, obviously, use normal text.

[Redones]

is bitcoin open way forward money launderer to get safe money,i asked that because its appear that bitcoins is verry hard to control or track

Bitcoin is not very hard to track. Why do you ask? If someone is after you and have enough power and incentive (say, some governmental agency), you will get caught sooner or later...

This has been discussed already

I asked because my study is about that,and i know its hard to track dirty money in reality how gouvernmental agency will deal with digital.

[Amph]

is bitcoin open way forward money launderer to get safe money,i asked that because its appear that bitcoins is verry hard to control or track

Bitcoin is not very hard to track. Why do you ask? If someone is after you and have enough power and incentive (say, some governmental agency), you will get caught sooner or later...

This has been discussed already

not that easy as you think, if someone go serious about not being tracked, i doubt that the government could really do something, otherwise why they have not caught yet, the guy who stole all those btc on bitstamp? and i can go on with many more examples

[deisik]

is bitcoin open way forward money launderer to get safe money,i asked that because its appear that bitcoins is verry hard to control or track

Bitcoin is not very hard to track. Why do you ask? If someone is after you and have enough power and incentive (say, some governmental agency), you will get caught sooner or later...

This has been discussed already

not that easy as you think, if someone go serious about not being tracked, i doubt that the government could really do something, otherwise why they have not caught yet, the guy who stole all those btc on bitstamp? and i can go on with many more examples

If someone goes serious about not being tracked and caught in the end, they wouldn't use Bitcoin in the first place. If it comes to using a cryptocoin, there are a lot of better choices other than Bitcoin. There was a thread here the OP of which was that serious to cover his steps (he was selling classified info, If I'm not mistaken). I guess anyone curious on the topic should read it...

[sdmathis]

Bitcoin has the advantage/disadvantage (depends on your point of view) being easily tracked, but not often tracked. People think of cash as being untraceable, but that's not true. If you deal with large sums of cash, all that cash has a paper trail and various government agencies get copies of that paperwork. Just try going through customs with a large amount of cash. Withdrawing large sums from a bank and even cashing in a large number of chips in Las Vegas all involves paperwork that can raise a red flag with government agencies.

At this time, Bitcoin usually doesn't involve this paperwork. Criminals can launder money through Bitcoin for quite a while before being discovered. Once they are discovered, however, every transaction that they've ever made is on the blockchain and is easy to follow, so their money isn't clean at all.

That's where many Bitcoin criminals trip themselves up. They get away with it for a long time and forget just how easy it is to follow the money on the blockchain.

So to answer the OP's question. No, you can not launder money with  Bitcoin, but you can be fooled into thinking it's been laundered.

[jbrnt]

Small amounts of bitcoin is easy to launder and tough to track. Large sums of bitcoin is probably impossible to launder in one go, it will have to be split up into hundreds of smaller packets (just like fiat) and it will take time.

[countryfree]

Is the dirty money in BTC? If one's have to buy BTC then to sell it, that makes 2 traceable transactions, so it's doomed.

[johnyj]

The traceable part is the spot of purchasing. If you want to acquire large amount of bitcoin, you have to either deal with a regulated exchange or an exchanger with money transmitter license, they will verify your identity and record the transaction

Another way is to get a large mining farm and dig out clean coins, so I guess in the future the mining equipment maker would also be regulated as a money transmitter service and require buyer's id card 

But anyway, money laundering have many different forms, clever criminals will always find innovative way to launder money. I think the primary goal of money laundering law is not for prevent money laundering, but give banks a right to examine all the money flow so that excessive money will not flow to undesired area, mostly for sanction reasons

[mrhelpful]

there will always be an attempt on money laundering regardless if its bitcoin or fiat.

its just a matter of whats easier, and actually reliable without the usual hassle. When I say usual hassle I mean like stuffing shoe soles $100 bill stacks to get money across to its destination.

so yeah, bitcoin does make it easier. But, people who do this needs to obviously mix their coins.

[techgeek]

is bitcoin open way forward money launderer to get safe money,i asked that because its appear that bitcoins is verry hard to control or track

Bitcoin is not very hard to track. Why do you ask? If someone is after you and have enough power and incentive (say, some governmental agency), you will get caught sooner or later...

This has been discussed already

I asked because my study is about that,and i know its hard to track dirty money in reality how gouvernmental agency will deal with digital.

most people who do launder money actually mix their coins, or actually re-gamble it to a gambling site to get fresh new coins.

but they do cover their steps if they were smart enough to launder the money in general.

[Gyfts]

Once you have gotten traced to one Bitcoin address, it's very clear to tell where that money has gone. Bitcoin merely slows down the processing of getting traced. If your identity, or "alias" rather, gets linked to one single address, it then becomes a matter of taking that alias and linking it to a real person. The address you used to launder money then is your identity. Law enforcement is VERY good at catching money laundering, even with Bitcoin.

[ajw7989]

bitcoin is harder to trace but not impossible. Any one who launders money can do it in bitcoin fiat or any other form of currency. Bitcoin just makes international transfers easier.

[gjosue]

bitcoin laundering takes as much work as any other currency

[deisik]

bitcoin laundering takes as much work as any other currency

A seasoned money launderer talks. Care to tell us some gory details of the business?

[BobK71]

You have to take one poison or the other.

Bitcoin's decentralized and anonymous design makes it hard for powerful elites to take from everyone else and destabilize the economy by monetary manipulation, but that very same nature makes it fundamentally easier for criminals to hide.  There probably are ways to make bitcoin addresses untraceable to a person, if the person is careful.  I believe it required a mistake for the authorities to catch the owner of Silk Road.

While there are ways to catch criminals without following the money trail, there isn't a way to "catch" the elites, without using a money that is impossible to manipulate.

[deisik]

You have to take one poison or the other.

Bitcoin's decentralized and anonymous design makes it hard for powerful elites to take from everyone else and destabilize the economy by monetary manipulation, but that very same nature makes it fundamentally easier for criminals to hide.  There probably are ways to make bitcoin addresses untraceable to a person, if the person is careful.  I believe it required a mistake for the authorities to catch the owner of Silk Road.

DPR published his real personal info in his LinkedIn profile as well as made some posts here with his Gmail address, which allowed FBI agents to establish his identity and carry out a successful identification...

So think twice about what to post at bitcointalk.org, what to show and what to conceal

[mrhelpful]

You have to take one poison or the other.

Bitcoin's decentralized and anonymous design makes it hard for powerful elites to take from everyone else and destabilize the economy by monetary manipulation, but that very same nature makes it fundamentally easier for criminals to hide.  There probably are ways to make bitcoin addresses untraceable to a person, if the person is careful.  I believe it required a mistake for the authorities to catch the owner of Silk Road.

DPR published his real personal info in his LinkedIn profile as well as made some posts here with his Gmail address, which allowed FBI agents to establish his identity and carry out a successful identification...

So think twice about what to post at bitcointalk.org, what to show and what to conceal

I wouldnt think too hard about posting on here, if people are buying multiple accounts in general lol.

Like I seen a dude run 20 accounts alone to hype up his ponzi, in the investors games thread and its retarded. Got away with lik minmum 13 btc. All based on his own promoted deposits.

Plus this forum also offers to promote VPNs.