Money laundering tools

[piter_wip12592]

right . This is one of the reasons for this market development. With a market when transactions are anonymous between buyers and sellers, do you think that is the right place to clean the money?

[1714680810]

1714680810

[Betwrong]

In my opinion, BTC is not a traditional currency like gold and silver because it does not have any use value, so it is not a credit currency. It's basically just one use, money laundering tool. The tool explains why bitcoin prices are spread across the country and abroad. Domestic money is changed into bitcoins and then physical transportation to overseas exchange for foreign currency escapes regulation and the cost of money laundering is lower than before, and the risk is low.

Do you understand what does the term "money laundering" stands for? The process you've described is not money laundering it is more like money transferring between countries but the money is not becoming laundered that way. If criminals have some money from illegal businesses they want to make the money appears to come from legitimate sources. For that they open legitimate businesses and inflate their income there to make it look like the business is a profitable one even if it is not. And then the "profit" from that business is called clean money since you can show where it came from.

The only way Bitcoin and other cryptos can be used for money laundering is when someone having illegal money is stating that that is because he/she bought cryptos in the past for a very cheap price and then sold them for the highest price possible. But I don't think people are so stupid that you can cheat them like that.

[tailwate07]

Bitcoin is completely transparent. Instead, it needs other media to launder money.

Other things that are not traceable (such as the traditional currency, the account balance of a trading platform, etc.) are then exchanged back to bitcoin to avoid being tracked.

Bitcoin is the only system which is traceable and money launderers can not escape from it as its technologies are made for authentications and especially for money launderers that no money launderer can escape from it. A report says that a lot of money launderers and criminals have been arrested through Bitcoin transactions tracing method.

[douhancan58]

The advantage of bitcoin is that there is no regulation.

In order to establish such a regulation, it is necessary to clarify the rights and obligations of the account address holders in the legal perspective, which is not to be operated by the government using administrative means, but requires the cooperation of the legislature.

There will be some criminals who will pay for the money through bitcoin.

[bengca84135120]

The payment of bitcoin is anonymous, and I exchange it for bitcoin to pay another wallet. And then instead of exchanging bitcoins for money, no one will know?

And now that bitcoin can be exchanged for other digital crypto currencies, it's hard to know where the source of the money is, with other digital cryptocurrencies.

[yusupjatigumilar]

because the blockchain system is anonymous so it will be very difficult to trace the identity of the bitcoin transaction perpetrators, so this is a great tool for money laundering,

[hashshashin]

because the blockchain system is anonymous so it will be very difficult to trace the identity of the bitcoin transaction perpetrators, so this is a great tool for money laundering,

Maybe there are some people who use it for money laundering, and this is one of the few shortcomings of blockchain technology, but let's not forget how many advantages it has and what it was created for. In the near future we will see how that technology and bitcoin will improve our life.

[nur rochid]

because the blockchain system is anonymous so it will be very difficult to trace the identity of the bitcoin transaction perpetrators, so this is a great tool for money laundering,

then the government is still looking for solutions to overcome them. because if this is misused by the state apparatus, then the state will be severely disadvantaged. hopefully soon there is a decision and bring a positive impact for btc

[Cryptosymphony]

Whatever has value can be used for money laundering, and therefore also bitcoin.
But in the end, even the bitcoin is traceable, so the cash is always better.

[martychubbs]

Everyone could be satisfied with the benefits bitcoin brings. For sure we have money laundering tools and service here also.

[The_Dark_Knight]

Bitcoin is completely transparent. Instead, it needs other media to launder money.

Other things that are not traceable (such as the traditional currency, the account balance of a trading platform, etc.) are then exchanged back to bitcoin to avoid being tracked.

One of the things many do not realize is precisely that everything is transparent in bitcoin every single transaction that has ever been made is there for everyone to see so if you really want to launder your coins you have to use the assistance of a service like a mixer, which means that bitcoin in itself does not allow laundering money rather are the actions of the people that allow that.

[boled]

any mention for bitcoin, I feel much ease in many things because of bitcoin. fast transactions, low cost, no need to go outdoors, can be done with lying down, sitting, eating, and much more. too many opinions, too many loopholes, being evil or not, that's a choice, I choose to use it positively.

[fauzan Ichsan]

any mention for bitcoin, I feel much ease in many things because of bitcoin. fast transactions, low cost, no need to go outdoors, can be done with lying down, sitting, eating, and much more. too many opinions, too many loopholes, being evil or not, that's a choice, I choose to use it positively.

besides that we know that blockchain uses transparency system so everyone can see our transaction. for that there is no loophole for money laundering authorized to move

[commlinx]

Bitcoin is not a traditional currency, bitcoin is like an intangible property but can be used as an alternative transaction payment tool using advanced and modern technology created by the developer to facilitate all transactions from anywhere without involving a third party. only those who misunderstand that bitcoin deserve to be used as a money laundering tool.

[Rubius]

In my opinion, BTC is not a traditional currency like gold and silver because it does not have any use value, so it is not a credit currency. It's basically just one use, money laundering tool. The tool explains why bitcoin prices are spread across the country and abroad. Domestic money is changed into bitcoins and then physical transportation to overseas exchange for foreign currency escapes regulation and the cost of money laundering is lower than before, and the risk is low.

While its value is highly speculative (because it's so new), I disagree that it's only use is for money laundering. Bitcoin and other cryptocurrencies enable low-cost frictionless payments.

Do not confuse the desires of a few bad actors with the needs of the world. Without bitcoin, it is impossible to send money through the internet without the help of a financial institution, which not only adds significant cost, but also it intertwines the financial sector with all e-commerce. This means that when the big banks fail, the entire world economy is brought down along with them. If you don't believe me, let's go back to the year 2008 when the fraudulent banking practices of a few large U.S. banks were exposed. This domestic problem propagated into a full-blown international crisis due to the interconnectedness of the financial sector to the multi-trillion dollar e-commerce industry. It caused the Great Recession, which was arguably the worst economic disaster since the Great Depression. Bitcoin didn't emerge in 2009 out of coincidence. It was born out of necessity.

[kisscoin]

The advantages of bitcoin is its stability and disobey the control from the outside. Money laundering is not applicable to bitcoin! It can be earned or obtained by spending a lot of energy and system efforts. Not see nothing bad in such a the form of net earnings!

[Mr.grin]

The advantages of bitcoin is its stability and disobey the control from the outside. Money laundering is not applicable to bitcoin! It can be earned or obtained by spending a lot of energy and system efforts. Not see nothing bad in such a the form of net earnings!

well, but in reality, the government says that bitcoin can serve as a tool for money laundering. well, but I think it can be minimized, moreover, it is now very easy to trace the big trading transactions of people.

[martychubbs]

The main ways to launder funds is to flow it through banks with the help of USD, but its all an illegal way to get money.

[xieqieshangu9]

Bitcoin has been boycotted and feared by some countries because it has been used as a money-laundering tool.

The transaction website of bitcoin is a legal anti-money laundering liability, such as customer identification, suspicious business statement, etc., and it is really against the risk of money laundering related to bitcoin.

[kingkonjac]

well it can be a tool for anyone to use it for the bad purposes such as with privacy coins where laundering money is even more easier than with btc, but it doesn`t change the fact that btc revolutionized the finance world in any case.