Bitcoin = Laundering

[Virman01]

I think it's all wrong, because not all bitcoin transactions are laundering, it could be just normal deals in general.
#CMIIW

[Jonashe]

I think it's all wrong, because not all bitcoin transactions are laundering, it could be just normal deals in general.
#CMIIW

A lot of laundering transaction are did through Monero, a true anonymous blockchain. In Bitcoin everything is public so it's not too suitable for this kind of activity.

[LoudA__]

Some say that you cant claim or transfer your bitcoin to a bank because they will suspect you of laundering.

So if youre using Bitcoin, youre basically a laundering and a criminal

I just want to understand if its any different or just similar. Thank you

Laundering money is a criminal activity, that is obvious that if you launder, you are a criminal automatically.

In our country, the banks do not really accepts bitcoin but we must use an exchanger to convert bitcoin into fiat and then the exchanger will be doing the transaction to our desired bank.

Also, if transferring bitcoin into a bank is laundering, I think there will be a lot of people who will not be using bitcoin.

[steadyrice]

If you have bought Bitcoin very early and have a lot of money right now, it definitely would look suspicious for the government. But it's scare tactics at the same time as well. Even when people have bank accounts and all that, it is still not impossible to launder money. It's the aspect of anonymity which makes governments and other similar establishments that belong to the system panic.

[Lucius]

Some say that you cant claim or transfer your bitcoin to a bank because they will suspect you of laundering.

So if youre using Bitcoin, youre basically a laundering and a criminal

I just want to understand if its any different or just similar. Thank you

There are many ways to convert BTC in fiat,you can use BTC ATM if available or buy/sell through LocalBitcoins.Also you can use many services which offer Visa/MasterCard so just trensfer your BTC and it is converted in fiat when you pay/withdraw with card.

Depending on the country in which you live you may pay some tax or not,I do not see why government would consider you as criminal.But if your tax office ask you from where money is coming surely you should have a good explanation.

Money laundering is existed much before the invention of BTC,and some of the BTC features create negative connotations about it,but this will probably change with time.

[bitfocus]

BTC is no Laundering. People are laundering money long before BTC born. BTC is no Laundering, Drug or Ransome money. Just some people use BTC as the medium.

[Juggy777]

Some say that you cant claim or transfer your bitcoin to a bank because they will suspect you of laundering.

So if youre using Bitcoin, youre basically a laundering and a criminal

I just want to understand if its any different or just similar. Thank you

This is absurd, how can this even be called laundering, is the money for which we can't show, here we buy using our bank funds, Legit transactions and sell them, laundering is when people use shady means to transfer their unaccounted money and that's bad, it's actually sad that bitcoin is associated with laundring it's not even true, there is not even one single proof, but just a strategy by the centralized bankers to spoil the name of Bitcoin.

[FlightyPouch]

I guess some will surely suspect you if you transfer, for example, a million dollar into your bank account and you don't have any stable source of income. That will leave them thinking where are you getting this big amount of money.

I think if you are suspected because of this situation, it is better if you can give them some proofs that can clean you out of their suspicions. And not all of transaction of bitcoin into the bank will always mean laundering.

[nizamcc]

Some say that you cant claim or transfer your bitcoin to a bank because they will suspect you of laundering.

They are literally scared of this giant that's taking over the world and they are losing on us with their traditional banking system which is why they don't want it to sustain longer and are using cheap techniques in order to make you stop using it, either voluntarily or forcefully.

So if youre using Bitcoin, youre basically a laundering and a criminal

Obviously not. If you were, why countries like Japan and South Korea have gone all in on this by giving green signal to it?
Governments that say that using Bitcoins is clearly money laundering, don't really understand the meaning of what "laundering" is termed as.
If you show them how you obtained it and if it is legally obtained, none of those freaking puppets could exterminate anything of you.
Just remember, if Bitcoin comes into your country's tax slab, you need to pay it or you may come under their radar.

[miyaka26]

Really? without a proper evidence they concluded that you are a money launderer because you've transfer some decent amount of bitcoin? I heard some banks are accepting bitcoin but to accuse as a criminal just by using it is just a FUD, if your btc source is legitimate and they are looking for it then nothing to fear about it.

But if you are living in a country where using it strictly banned then you will legally prosecuted based on the law that is implemented by the Government but central banks will not gonna let you transact to them with btc so that's not the case.

[btcdepo]

Some say that you cant claim or transfer your bitcoin to a bank because they will suspect you of laundering.

So if youre using Bitcoin, youre basically a laundering and a criminal

I just want to understand if its any different or just similar. Thank you

Laundering money is a criminal activity, that is obvious that if you launder, you are a criminal automatically.

In our country, the banks do not really accepts bitcoin but we must use an exchanger to convert bitcoin into fiat and then the exchanger will be doing the transaction to our desired bank.

Also, if transferring bitcoin into a bank is laundering, I think there will be a lot of people who will not be using bitcoin.

I don't want to think in that way but I am afraid it is being used for laundering money. I cannot say that is majority of the crypto market but considerably big part transactions are happening between gigantic parties who are laundering. Do I have any objective evidence to say that? no! But as I'm reading price graphs almost for 20 years, when I see the graph I can understand what is going on behind.

[coinmagnet1]

Some say that you cant claim or transfer your bitcoin to a bank because they will suspect you of laundering.

So if youre using Bitcoin, youre basically a laundering and a criminal

I just want to understand if its any different or just similar. Thank you

It's not laundering, it's totally legal and legitimate. You can signup at Coinbase for example, and withdraw the money to your bank there.

[h4yfans]

You can launder your money with Bitcoin. USD, KRW, Gold. Doesn't matter.

[stompix]

Some say that you cant claim or transfer your bitcoin to a bank because they will suspect you of laundering.

No, you can't transfer bitcoin to a bank because there is no bank accepting bitcoin.
We already have a thread about it that is running for a year or so and nobody has found yet a bank that is accepting bitcoin and I doubt this won't hit the news the moment it happens.

If you're talking about exchanging your coins and having fiat transferred to you account I don't see the problem.
You can go to whatever kind of IRS your country has, fill the forms declare the profit made and you can rest at ease.There are people who have chased millions with no problems whatsoever.

I don't think that is a problem at all to send bitcoin to a bank or anything like that. Bitcoin is such a method of payment, It's not for criminal activity or anything similar. The proof that there is a lot of banks accept bitcoin and exchange it instantly to any local currencies, for exemple Neteller bank, i use this bank since a long time, and i didn't have any problem at all.

Neteller is not a bank!!!!.

[trk]

What? You want to transfer your bitcoin to a bank? How you do that? Does tha bank has official bitcoin address? LOL
The only way to transfer to bank is by selling your bitcoin to fiat using your local exchange, then transfer it to a bank
About laundering, it depends where you got your money from

[sensei stupid]

the opinions of people are different, because all the people in this world are not the same, and I think for money laundering or whatever the problem that I think it is not true, why, because we are not here smells or embezzled money from where to move into account our bank, we can here as an employee, we work for ICO2 existing and what we can get paid.

[FasTroy]

Some say that you cant claim or transfer your bitcoin to a bank because they will suspect you of laundering.

So if youre using Bitcoin, youre basically a laundering and a criminal

I just want to understand if its any different or just similar. Thank you

I don't think that is a problem at all to send bitcoin to a bank or anything like that. Bitcoin is such a method of payment, It's not for criminal activity or anything similar. The proof that there is a lot of banks accept bitcoin and exchange it instantly to any local currencies, for exemple Neteller bank, i use this bank since a long time, and i didn't have any problem at all.

[sofi@]

This is not true besides I always transfer my bitcoin to my bank account and convert it there whenever I need to use them and I don't find this difficult to transact. Banks support bitcoin and I don't think they will think it's from laundering there are maybe some people in the government who uses bitcoin on their illegal activities but they cannot control all bitcoin in the circulation

[fabioganga]

It really makes me laugh that it's the banking system painting Bitcoin as money laundering when banks have been and still are the greatest thieves since money was invented! 

If my bank tells me that Bitcoin is money laundering I will laugh at them and ask them to close my account immediately.

[whoisyourking]

Some say that you cant claim or transfer your bitcoin to a bank because they will suspect you of laundering.

So if youre using Bitcoin, youre basically a laundering and a criminal

I just want to understand if its any different or just similar. Thank you

Why are you thinking that users of bitcoin is a criminal. You can become a violator of the act of money laundering if you are guilty to transfer big amount of money without any legal basis from where did you get that amount of money.