Quote from: Bestwishes745 on August 01, 2017, 04:04:35 PM

Quote from: virtualkeybuyer on August 01, 2017, 12:48:22 PM

Quote from: investinator on July 30, 2017, 11:42:54 PM

Quote from: deppil on July 30, 2017, 11:37:39 PM

Quote from: malikusama on July 25, 2017, 04:27:39 AM

Yes it can, because all the transactions of bitcoin are anonymous and the corrupt people needs such type of platform to save their black money and to transfer them anywhere without taxes and without government consideration. Everything can be use either in positive of negative way, this is the negative use of bitcoin to do corruption.

Yeah bitcoin has anonymous and decentralized facilities and that's what criminals or criminals use to do illegal activities.
The corrupt just need to wash their money into bitcoin and then they can convert it again to fiat without being seen. That's bitcoin expertise

There are ways to track it though but with the use of mixing services it sure does help criminal activity a lot.

I have yet to hear of bitcoin being used in corrupt cases though, but I guess it's only a matter of time now.

I think the mixers have more benefits to other people and yes with mixer they can hide their money but still I will say that with it corruption is not possible because all of the transactions are appear on the explorer and I think the mixer owner will know about the transactions. So corruption with bitcoin is not possible.

Indeed! Corruption cant be done with bitcoins because of its digital nature. To some extent, the transactions are traceable and if someone is trying to hide his currency, that would be easily captured. I believe corruption can easily be done with paper money. Paper money should be replaced by digital currency.

Exactly!!! In recently we can see a devs on exhange BTC-e have related to money laundering and was arrested in July. So, we know Bitcoin transaction can monitored and not anonymous as our mean in long time.