Post
Topic
Board Bitcoin Discussion
Re: Government's corruption using Coins
by
papa-tata
on 20/02/2018, 04:26:22 UTC
I was just wondering, what if Government officials will store their money from corruption in the Cryptos? What if they'll invest all their money in bitcoin so that no one will know about that corrupted money? Will it be possible? Is it really safe for them to use the virtual currencies a store house of their evil money? Because rather than having bank accounts, putting it on a wallet or investing all of it on cryptos will be safer. I want to hear your opinion.


it could happen that cryptocurrency is used for money laundering from criminal proceeds, one of which is corruption. because the flow of funds in the crypto is very secret. perhaps in some countries that have worked with cryptocurrency can easily track the flow of funds. but if in a country that has not worked together I think it can be used for crime.