Ninjastic
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Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin being used for illegal activities
by
mastica
on 03/12/2016, 23:08:35 UTC
Quote from: Sithara007 on December 03, 2016, 06:06:10 PM
Quote from: GregH37 on December 02, 2016, 05:06:43 PM
Well, for my country it is not illegal but I can say that if you make a high amount of bitcoin and than exchange it for fiat currency they may ask “where did you get this money from” which might be hard to explain to goverments all around the world. So make bitcoin, spend bitcoin Cheesy ,means do not try to encash it.

Why you want to go through all these trouble? Instead of receiving the money in your bank account, you can meet up with some reputed trader from the localbitcoins and then exchange your coins for physical cash. How the government is going to track you?
The government will only be able to track a person only if they cashout all the money at once, and then deposit a big ammount into the bank again, besides that i doubt they can track anyone. Bitcoin is worthing cash, and well fiat is being used for legal and ilegal stuff since the begining of fiat, its something that no one can stop.