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Author Topic: Are the big funds washing money of btc?  (Read 302 times)
LUCKMCFLY
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October 16, 2020, 08:21:15 AM
 #21

For now there is a slight wait, the fact that in the USA presidential elections are about to be held, many point out that if Biden wins, the entire ecosystem of the Bitcoin and cryptocurrency market will improve, money laundering is a very broad topic, before BTC the money was laundered through FIAT money, the use of some technologies does not limit the fact of doing it through BTC or another alternative way.

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carter34
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October 21, 2020, 11:02:14 AM
 #22


Bitcoin and cryptocurrency market will improve, money laundering is a very broad topic, before BTC the money was laundered through FIAT money, the use of some technologies does not limit the fact of doing it through BTC or another alternative way.

I don't expect that with bitcoin, money laundering will stop. It won't but continue because blockchain doesn't really stop it but to expose it to the public when they search transaction. Because with blockchain, peer to peer doesn't hide the transaction.
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October 21, 2020, 03:37:40 PM
 #23


Bitcoin and cryptocurrency market will improve, money laundering is a very broad topic, before BTC the money was laundered through FIAT money, the use of some technologies does not limit the fact of doing it through BTC or another alternative way.

I don't expect that with bitcoin, money laundering will stop. It won't but continue because blockchain doesn't really stop it but to expose it to the public when they search transaction. Because with blockchain, peer to peer doesn't hide the transaction.

I don't think the money laundering will stop. We know that many people corrupt out there, and they know how to send the money. They now have another option to use bitcoin or other coins to launder the money, but we don't know the purposes of the transaction which appears in the network. We only see the amount of the coin that appears on the blockchain explorer. It is difficult to stop money laundering as it needs many things to investigate.

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Ridwan Fauzi
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October 21, 2020, 03:46:58 PM
 #24

I don't expect that with bitcoin, money laundering will stop. It won't but continue because blockchain doesn't really stop it but to expose it to the public when they search transaction. Because with blockchain, peer to peer doesn't hide the transaction.
Everything can be tracked if someone uses blockchain, for those who use bitcoin for money laundering purpose they will send the money through their bank account to bitcoin wallet that I think it can be tracked. I just confused when there is a government who still reluctant to accept bitcoin because they are afraid that bitcoin can be used for it but in fact, it's not like that.
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