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.
A lot of politicians in my country are already doing that. They are sending tax notices to common people who are investing heavily in crypto. But they are themselves involves in such practices. They are able to get away with all this only because they are doing it through fake profiles registered on various exchanges. For instance, suppose a politician has got 3 servants working for him. He will start investing in accounts registered with details of those servants so that he need not pay any taxes on that investment or explain that source of income.