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Author Topic: Money laundering via BTC  (Read 26312 times)
forexwin2012
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July 05, 2018, 08:55:41 AM
 #581

I think there is a lot of money laundering through bitcoin. that is indispensable. And the task of governments is against this and many countries have banned it.
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Virginia Nevess
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July 06, 2018, 04:08:29 PM
 #582

From the boom of the Bitcoin market, keywords such as Bitcoin prices, Bitcoin conversion into Vietnamese currency ... are always looking for a lot, including criminals who are always looking for solutions to legitimize numbers. his illegal money.
Some of the most disturbing cases include the hacking of large numbers of Bitcoins on the Mt. Gox closed the door and investors lost in 2014. By July 2017, investors were bewildered when the long-standing BTC-e operator was arrested for allegedly taking advantage of Anonymous of Bitcoin to clean up delinquency up to $ 4 billion. Investors are not yet able to recover assets that are stuck on the BTC-e floor.
kuntet99
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July 06, 2018, 04:21:08 PM
 #583

maybe for now the government does not know but over time the government will know it, very risky in my opinion, washing money through bitcoin and we can be taxed very large
Igromania
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July 06, 2018, 04:26:37 PM
 #584

Is it possible to do money laundering via bitcoin? I mean as no one knows if you have bitcoin and how much bitcoin do you actually own, it could be used to convert black money to white right? Or at least store your black money without much hassle. But there is the risk of its value but I think for people who have lots of black money and don't want to be caught, this risk might be worth taking for them isn't it?
What are your thoughts?
For these purposes, the best fit monero) I also heard that the FBI is looking for people who launder money with bitcoin.
Dianafangki
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July 06, 2018, 04:28:02 PM
 #585

it's possible to launder money with bitcoin and I'm sure there are already many cases going on. otherwise, Bitcoin can not be considered equivalent to a real currency, because the ability to launder money is a "feature" of any fiat currency. of course I'm sure the government will try to regulate and control if they see too much money being drained from their country. This just gives a hard time for the government to track but they can certainly trace it because they have all the necessary resources.
Kathleen Martinss
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July 06, 2018, 04:36:44 PM
 #586

It is no coincidence that the birth of Bitcoin electronic money marked the beginning of a revolution in the monetary arena. However, investing in Bitcoin is still a matter of interest to many. When many governments do not accept this currency because of its inherent risks and the criminals use Bitcoin's privacy to launder money. Specifically, WannaCry Ransom for Bitcoin ransom makes the world pay close attention to the hottest digital currency today.
Ad Baculum
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July 06, 2018, 04:37:03 PM
 #587

Is it possible to do money laundering via bitcoin? I mean as no one knows if you have bitcoin and how much bitcoin do you actually own, it could be used to convert black money to white right? Or at least store your black money without much hassle. But there is the risk of its value but I think for people who have lots of black money and don't want to be caught, this risk might be worth taking for them isn't it?
What are your thoughts?

I believe that this is already happening and the government is alarmed about this simply because it is not regulated thus can drain their fiat without earning any tax. There's a lot about this issue and many scammers are abusing this feature. It's hard to deal with this kind of topic but I hope we can fix it and clear the name ot cryptocurrency.

$crypto$
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July 06, 2018, 05:03:47 PM
 #588

Is it possible to do money laundering via bitcoin? I mean as no one knows if you have bitcoin and how much bitcoin do you actually own, it could be used to convert black money to white right? Or at least store your black money without much hassle. But there is the risk of its value but I think for people who have lots of black money and don't want to be caught, this risk might be worth taking for them isn't it?
What are your thoughts?
This is the reason why some governments oppose it. there have been many cases of money laundering with bitcoin, because it allows people to be almost anonymous, therefore and will always be the best way for people to avoid taxes and launder money.

Rustandy
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July 06, 2018, 07:48:04 PM
 #589

Until now there is no central bank in the world that regulate the virtual currency. In transactions, bitcoin users do not necessarily include the original identity. Usually if there is a bad intention, his wallet does not want to be exposed on the internet.
Vart4varta
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July 06, 2018, 10:47:56 PM
 #590

To wash off dirt, with the help of crypto currency, is not a problem at all, especially if you accept payments directly in the crypto currency and pay it yourself.
HeartDesire
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July 06, 2018, 11:00:20 PM
 #591

Just like every other currencies bitcoin can also be used as means of laundring money. There is no limit to how much bitcoin individual can hold, there is no third party in transacting business
saumang2m
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July 08, 2018, 10:35:21 AM
 #592

Money laundering is possible through Bitcoin. Because Bitcoin is a crypto currency. There is no control of the government of any country on this currency. Some people are taking advantage. And your black money is changing through bitcoin.
bitfocus
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July 08, 2018, 10:42:07 AM
 #593

Yes, it's possible, even Indian politicians are laundering their illegal money, too.
https://www.bitcoinmarketinsider.com/multi-million-dollar-money-laundering-bitcoin-scam-alleged-in-gujarat/

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CoinstarF
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July 08, 2018, 10:51:37 AM
 #594

Well, it is, and yes, it can be use to keep your money away from the eyes of many. But I think it won't be a good idea to make money laundering for the sake of keeping your money being taxed by the government. It would just make you violate a law, though they can't find your money now, but for sure in the future they will.

If I become rich and wealthy here in BTC I wouldn't hide it I make sure it goes to charity or make a program that help poor people a dignity will arise to all of us bitcoin users and believers.  If our profits is extra enough for our daily needs is better  I shared it with someone else who's did not know yet about bitcoin currency.
Exchge
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July 08, 2018, 11:28:25 AM
 #595

indeed if in thinking with the logic it can be done, maybe with the development of bitcoin system could one day later in the system upgrade. so for the exchange of black money to white can be detected.
it also did not rule out. It is not like that? Huh
crypto1010
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July 08, 2018, 11:35:07 AM
 #596

Well its possible but the problem is if you want a huge amount as this will subject you to KYC when trying to get some but if coins are already in your possession then its smooth sailing for you 😀 but I wouldn't advise you to do something illegal because the law never forgets your wrong doing; )
Yes, it's possible, even Indian politicians are laundering their illegal money, too.
https://www.bitcoinmarketinsider.com/multi-million-dollar-money-laundering-bitcoin-scam-alleged-in-gujarat/
If these guys have proof why not allow the law to take its course
airdnasxela
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July 08, 2018, 11:38:54 AM
 #597

Yes,  money laundering in bitcoin is absolutely possible.  Some bitcoin user use bitcoin just for their money not to be traced as a money came from illegal activities because they can easily launder it in bitcoin. Well,  if you ask this and if someone say yes you will say bitcoin is a vehicle of criminals,  well that is where I will disagree with you. Please,  do not blame the vehicle,  blame the one who use that vehicle and in this case,  the criminal who do money launder here in bitcoin.

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voron84-05
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July 08, 2018, 11:44:57 AM
 #598

If I were a corrupt official or led a non-legal business, I would conduct my operations exactly in bitcoins. Firstly, no one would know how much I earn, secondly, no one could take my money away from me. the only concern is high volatility, but this is temporary.
Hotrod_88
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July 08, 2018, 11:55:11 AM
 #599

Of course it is possible to launder money via Bitcoin. Otherwise, Bitcoin cannot be considered the equivalent of a real currency, because the ability to launder money is a "feature" of every fiat currency.  Grin

I think bitcoin is a ground-breaking implies for us to submit illegal tax avoidance. Every one of the abilities of the bitcoin which obviously convolutes the experts.

AkangTravel
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July 08, 2018, 11:55:40 AM
 #600

Bitcoin is anonymous and is not controlled by the Government or the Financial Organization. You can use bitcoin for I think bitcoin has great potential to be used as money laundering. In bitcoin transactions, no one will question the source of bitcoin funding. Unlike banks that have to ask the origin of the source of funds if one of the transactions using the bank. Naturally, this gap is huge for money laundering. In addition to the confidential identity information everyone makes the transaction difficult to trace
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