When we think that crypto is being used by criminals to move tons of money

[Shasha80]

Because the government considers Bitcoin a threat to fiat, so we often read articles or see news that the government says  Bitcoin is widely
used by criminals for money laundering. This is what governments often do to make Bitcoin look bad. The government gave the statement
to the media, usually without evidence. Even though the fact is that the government is hiding the truth, that fiat criminals used more for
money laundering. Therefore, my advice is not to immediately believe the news we get, always do your research before you think the news is valid.

[supine]

I don't really think that it is just Fiat and crypto that are being used to move money by criminals.
How about gold and other valuable objects that is also being shipped without a proper papers?
We are too focus on Fiat and crypto we often forget that the criminals are also using other objects to launder money.

[Kong Hey Pakboy]

I don't really think that it is just Fiat and crypto that are being used to move money by criminals.
How about gold and other valuable objects that is also being shipped without a proper papers?
We are too focus on Fiat and crypto we often forget that the criminals are also using other objects to launder money.

Indeed. Valuable objects such as old coins, antiques, precious metals, etc. are also being used to launder money by criminals, not only fiat currency and cryptocurrency. I think the reason why governments are too focus on bitcoin and other cryptocurrencies because they are also known for money laundering that other countries have started to banned bitcoin to avoid this kind of illegal activities. So that makes bitcoin ruins it's reputation due to this kind of illegal scheme.

[sujon5]

Criminals use both cash and Bitcoin for money laundering. Nobody accuses banks of being engaged in illegal transactions, but “BitMEX made itself available as a vehicle for money laundering and sanctions violations”. And why isn't crypto yet adopted? It's a rhetorical question.

[abhiseshakana]

Most people are too lazy to look for the truth themselves and the governments know this so they say all of those things so people lose confidence in bitcoin and its long term prospects thinking they are doing the right thing with their money not realizing that by keeping their money in fiat currencies they are basically betting that the current economic system will continue indefinitely, when history shows that from time to time there are changes in the economy so profound that those holding fiat currencies get ruined because of it.

Not many realize that banks with all their practices such as fractional reserve banking, interest rate games and also printing money are the root of today's economic problems. When a bank cannot secure its liquidity, customers are worried about losing their money, but the strange thing is that the government has taken a bailout policy to save the bank.

The bank has the authority to circulate customer funds when the bank performs miscalculations and mismanagement that leads to losses. They have the power to used public money to save the corporation and this can happen due to the grip of the oligarchs and plutocrats who steer the government for the benefit of their groups, and they drive through banks.

[Ayiranorea]

Most people are too lazy to look for the truth themselves and the governments know this so they say all of those things so people lose confidence in bitcoin and its long term prospects thinking they are doing the right thing with their money not realizing that by keeping their money in fiat currencies they are basically betting that the current economic system will continue indefinitely, when history shows that from time to time there are changes in the economy so profound that those holding fiat currencies get ruined because of it.

Not many realize that banks with all their practices such as fractional reserve banking, interest rate games and also printing money are the root of today's economic problems. When a bank cannot secure its liquidity, customers are worried about losing their money, but the strange thing is that the government has taken a bailout policy to save the bank.

The bank has the authority to circulate customer funds when the bank performs miscalculations and mismanagement that leads to losses. They have the power to used public money to save the corporation and this can happen due to the grip of the oligarchs and plutocrats who steer the government for the benefit of their groups, and they drive through banks.

Almost every country is economy is connected with the banks operating within it. Every country will also have its reserve Bank which is the primary financing platform from which the distribution of funds takes place. If I'm not wrong, these policies are made by the reserve authorities along with the government. So, always the policies will be in favour of the banking sector than the common public.

[Anonylz]

I don't really think that it is just Fiat and crypto that are being used to move money by criminals.
How about gold and other valuable objects that is also being shipped without a proper papers?
We are too focus on Fiat and crypto we often forget that the criminals are also using other objects to launder money.

I don't think gold will be frequently used considering the size and weight, maybe pressure stone and diamond could be another good choice, fiat and and crypto are the most used, especially fiat, we can't not deny that fact, fiat has been in existence for so long now and in all this period fiat has been mostly used for all sort of criminal activities,
But now it seems criminals have shifted their attention to using crypto for fraudulent activities, and the number of this criminal activities keeps  increasing but still not compare to fiat.

[GDragon]

It's because if a criminal used fiat banks to move the money, they will not be focused on the currency because it's kind of normal that there are scams and illegal activities in fiat. However, if a criminal used btc to move their money, then the focus will be on btc cause they knew they can't track the money. So the first thing they will think is that maybe bitcoin is a scam and for illegal activities only, it's kind of frustrating on the part of bitcoin cause they focus on the currency and the blame the currency. But they won't do the same in fiat currency.

[Leviathan.007]

Since bitcoin is PtP it is actually super ideal for the criminals who want to stay anonymous. These criminals are usually doing the trades on darknet and mic the coins after the get the payment. However, sine bitcoin is too transparent for them and anyone can easily track the transaction using the block explorers, they mostly prefer to use monero because the transactions can not be tracked using the explorers.
However, some people are thinking this can be bad for bitcoin reputation. But, they have not idea that the physical money is used much more than anything else on dirty deals.

[Ozero]

Crimes in the world of finance have been and will continue to be committed at any time and in any currency. In this case, banks play one of the main roles. At the same time, the criminal community of bankers is very experienced and organized. They know how to hide the traces of their crimes. Although the cryptocurrency is considered more anonymous, its transactions are visible to everyone. With a strong desire and good opportunities, the owners of the cryptocurrency are often identified. Therefore, the existing financial system is much more criminal than cryptocurrency.

[PancongStreet]

This is the reason why cryptocurrency is still being studied by the government because it is truly anonymous, since I found out about cryptocurrency I immediately thought that cryptocurrency would be used for money laundering
I think this should be duly resolved by the developers of better blockchains

[semobo]

To be honest banks are ready to lick the ass of huge money holder on their bank account no matter what is the source of money for them. But banks and governments are going to blame the crypto currencies for anonymity even if they help the fraudsters to move money across the globe, because they don't care about the money is used for crimes all they want is transactions on their bank and government wants that revenue from their banks as well.

[Flagship11]

Makes me utter sick to think that something I love so much as Bitcoin is being used for illicit acts.
Its a common known fact and something we all have to accept.

[Silberman]

Most people are too lazy to look for the truth themselves and the governments know this so they say all of those things so people lose confidence in bitcoin and its long term prospects thinking they are doing the right thing with their money not realizing that by keeping their money in fiat currencies they are basically betting that the current economic system will continue indefinitely, when history shows that from time to time there are changes in the economy so profound that those holding fiat currencies get ruined because of it.

Not many realize that banks with all their practices such as fractional reserve banking, interest rate games and also printing money are the root of today's economic problems. When a bank cannot secure its liquidity, customers are worried about losing their money, but the strange thing is that the government has taken a bailout policy to save the bank.

The bank has the authority to circulate customer funds when the bank performs miscalculations and mismanagement that leads to losses. They have the power to used public money to save the corporation and this can happen due to the grip of the oligarchs and plutocrats who steer the government for the benefit of their groups, and they drive through banks.

True, but this is nothing more but a confidence game, governments secure the funds of the clients of a bank and everyone thinks they have the government to back them up, however for what I know the governments can only cover about 5% to 10% of all the funds on the banks, which means that if there is a run on the banks that surpasses those numbers then governments will be unable to cover the banks and their malpractices, and for what I can see it seems we are slowly approaching the day something like this will happen.