Post
Topic
Board Bitcoin Discussion
Re: Money laundering
by
HabBear
on 07/01/2018, 15:45:15 UTC
Are blockchain-based transactions easy for money laundering?

It's not the technology that aides money laundering it's the thief's process for sequencing transactions. If you want to launder money you can do it in all sorts of ways, you don't need the blockchain.

Cryptocurrency exchanges are doing a great job combating instances of money laundering through the account verification and know your customer processes. I think this is a good thing!