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Author Topic: tool for money laundering - true?  (Read 99 times)
CryptikEnigma (OP)
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June 15, 2018, 06:05:16 PM
 #1

Often you will hear from mainstream media outlets and other opponents that crypto currency is used as a tool for money laundering, drug deals and other forms of illegal activities. I don't know, maybe I just crawled out from under a rock or something and please correct me if I am wrong but hasn't that activity also been going on for a very long time with all forms of fiat currency across the globe?
Seems like a pretty lame argument against crypto to me.
malading
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June 16, 2018, 11:31:52 AM
 #2

Such money laundering is certainly rare in peaceful regions. However, in war-torn countries, I think such a money-laundering method is likely to happen, because such a method is quick and easy, and it cannot be tracked!

bartolo
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June 16, 2018, 09:33:35 PM
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The media love sensationalism, especially when it comes to novel things that are unknown to the public. They take a couple of isolated cases and generalize against the cryptocurrencies, not with the aim of creating fear, but to generate big headlines with which to get clicks.
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