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Author Topic: Money laundering via BTC  (Read 26440 times)
Nick Abimanyu
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July 11, 2018, 11:45:03 PM
 #681

Their goal to launder money using bitcoin is to keep their ownership assets from being tracked by government financial bodies, with bitcoin that anonymous, so the assets of the corrupt results they make will be safe on their wallet.

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dadanpradana
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July 12, 2018, 08:30:00 AM
 #682

the answer is that there can be laundering and even corruption of FIAT corruption in Bitcoin, because every Bitcoin has a difficult wallet address to investigate who owns it.

the other thing with you save or hoard your corruption results in Exchange, later when there is an investigation will be in the know where to run where the Bitcoin shaped money is sent right, because the authorities are entitled to the Exchange's introgation.
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July 12, 2018, 08:39:01 AM
 #683

There are rogues everywhere in the world. Even in ordinary life there are deceivers from this will not get rid in any way.
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July 12, 2018, 10:42:29 AM
 #684

There are rogues everywhere in the world. Even in ordinary life there are deceivers from this will not get rid in any way.
Money laundering is existing because there are crimes everywhere.
The government is fully aware that crypto is one of the best way to launder money that is why we have to prepared for regulation.
They will do it to protect the investors and with that it will help people to trust crypto as its regulated.

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Cotton Candy
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July 12, 2018, 10:46:07 AM
 #685

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?
Truly it is extremely conceivable that bitcoin can be utilized as a medium to so some tax evasion. In actuality, there are news that circles in the public eye that numerous individuals are being its casualty. Since bitcoin is an unknown and can't be regulate, individuals have a tendency to truly utilize it for tax evasion. Despite the fact that tax evasion is existed even before bitcoin, it simply increment these days.
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July 12, 2018, 11:02:07 AM
 #686

Bitcoin as a tool for money laundering is losing its appeal due to the growing popularity of crypto currency as a speculative investment, as well as new methods of money laundering. More problematic technology - at least from the point of view of law enforcement agencies - is a decentralized exchanges. Darknet markets are also becoming more decentralized because of such platforms.

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July 12, 2018, 11:19:18 AM
 #687

There are rogues everywhere in the world. Even in ordinary life there are deceivers from this will not get rid in any way.
Money laundering is existing because there are crimes everywhere.
The government is fully aware that crypto is one of the best way to launder money that is why we have to prepared for regulation.
They will do it to protect the investors and with that it will help people to trust crypto as its regulated.

Government regulations are good for the Crypto currency community and it helps people understand more about Crypto currencies and learn about this technology. Money laundering is expected on this kind of technology because criminals will always find a way to bypass government rules and regulations. When the majority of the government regulates Bitcoin and other forms of Crypto currencies the problem on money laundering will be lessened for sure just like in my country the only way to trade your crypto currencies to fiat is by doing KYC(Know Your Customers) Submitting documents of your identity in the exchanger. Cheesy

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July 12, 2018, 11:48:57 AM
 #688

basically money laundering is a way of escaping iron bars. it is a part of evil.
I do not think anyone can escape lies, there will be risks. it seems that it is inappropriate to imitate.

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July 12, 2018, 11:58:26 AM
 #689

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 think that many have done so for a long time already. Financial schemes of money laundering are huge and why not include in this process and the cryptvalut. I know people who deduce money on similar schemes
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July 12, 2018, 12:01:17 PM
 #690

It is very possible to money laundering money from corruption money or other criminal things. I think it's easy to money laundering money via Bitcoin, just buy bitcoins will all the money and then send it to bitcoin mixer and poof, there will hard to track where the bitcoin at.
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July 12, 2018, 12:31:37 PM
 #691

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?

Yes it can be used in money laundering specially bitcoin user or owners are majority annonymous it cannot be divulge the personality of the launderer except if they encash it into fiat and registered in different banks.

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July 12, 2018, 01:02:49 PM
 #692

It is possible to launder money by bitcoin. that's why some countries banned bitcoin. Recently I was reading an article in a newspaper that in India or Bangladesh I am not sure, But They banned bitcoin for this reason.
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July 12, 2018, 01:10:09 PM
 #693

Could be. But how you will do it? Are we talking about a black fiat then buying bitcoin? But first you would need to make the seller believe that you are using a legit money. It will be still hard to make it to bitcoin for those who will sell you the coins will still check your fiat money.

I agree with you because for your time it is unbelievable. I am done the interesting in people smiling one thing I only hope is the price in the future.

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July 12, 2018, 01:20:09 PM
 #694

Why do you think that you can launder money only with the help of bitcoin? There are many ways how this can be done with fiat money. Bitcoin is another tool for bad guys but not the only one

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July 12, 2018, 01:30:44 PM
 #695

I think even if we invest the illegitimate money into bitcoin, it will still be traceable by the authorities, because our account mutations are also in check still will be caught.
that's just my opinion

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July 12, 2018, 02:19:04 PM
 #696

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 think it's pretty hard to do money laundering using Bitcoin, because every official exchange forces you to do KYC.

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July 12, 2018, 05:29:39 PM
 #697

Yeah, it is possible to launder money through bitcoin. Bitcoin greatly ensures the security of its users so that if we do money laundering through bitcoin then the authorities are difficult to trace. The authorities are also unlikely to know the amount of bitcoin that you have because the controls are in your own hands. Therefore, I am very disappointed if this great technology is used for negative transactions that do not provide benefits. Money laundering will only cause losses so that public confidence in bitcoin decreases as well.

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July 12, 2018, 11:50:20 PM
 #698

Bitcoin is like a utopia for money launderer's. Because of the one of the characteristics of bitcoin which able your transactions not to be traced back, I think this is the main reason why it is susceptible to money laundering.
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July 13, 2018, 09:32:27 AM
 #699

To do this, there are many other coins using anonymity, but if anyone wants to launder money through bitcoin, then he will have no problems, there would be a desire!

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July 13, 2018, 09:41:13 PM
 #700

Bitcoin bypasses the banking system. It turns out that bitcoin is a terrible tool for money laundering. This is because bitcoin are not linked to a persons identity and only depends on a private key connected to the persons account. There is no record keeping mechanism
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