Fiat vs Crypto in money laundering

[htsy585]

Hi guys I just want to share a short prove showing that Fiat is been used more in money laundering schemes than crypto and if people attacks you with crypto's being used to launder money. Refer them to this article on ccn
Fiat Money Outpaces Bitcoin 800:1 for Money Laundering

https://www.ccn.com/fiat-money-outpaces-bitcoin-by-8001-for-nefarious-activities-report/

This is so because the world population still uses FIAT and most of the people often being prey on by criminals uses FIAT, the world's population currently using cryptocurrency can still be considered insignificant and just to clear things up, it is easier to get away with fraud through cryptocurrency than FIAT because crypto is decentralized amd Fiat is centralized with identity of everyone involved

[bobyhodob]

Hi guys I just want to share a short prove showing that Fiat is been used more in money laundering schemes than crypto and if people attacks you with crypto's being used to launder money. Refer them to this article on ccn
Fiat Money Outpaces Bitcoin 800:1 for Money Laundering

https://www.ccn.com/fiat-money-outpaces-bitcoin-by-8001-for-nefarious-activities-report/

Its obvious that fiat has been used for alot of criminal activities , because 95% of the total world population uses it, unlike crypto which is being used by a few fraction people, fiat has been used in distant time to commit all sort of crimes while crypto has being around for about a decade now, but I think using crypto for money Laundering is alot more easier, less risky and more safer than fiat, because it helps to hide your true identity.

well, I totally agree with what you say, but you also need to know that digital currency cryptocurrency is also often used for crime and even money laundering that can be done by anyone who is familiar with cryptocurrency.

[Iyanu14]

Hi guys I just want to share a short prove showing that Fiat is been used more in money laundering schemes than crypto and if people attacks you with crypto's being used to launder money. Refer them to this article on ccn
Fiat Money Outpaces Bitcoin 800:1 for Money Laundering

https://www.ccn.com/fiat-money-outpaces-bitcoin-by-8001-for-nefarious-activities-report/

In my opinion, though it's been a long time money has been laundered through fiat, but I think the emergence of crypto makes money laundering easier.  Considering the anonymity nature of crypto, Someone can have like 1000BTC in his or her wallet unannounced, unlike fiat where there would have been lots of uproars.  But because the adoption of crypto still at a minimal level, fiat is still considered the most form of money laundering.

[usekevin]

Both fiat and Cryptocurrency had been used for the money laundering purpose. The exchange in crypto was not easily identify and so it was considered mostly used for money laundering. But it's not a real fact. Because nearly 60 percentage of people in every country was not heard about cryptocurrency. The people who had a knowledge of crypto currency ,had some fear to inverse in it.