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.
Yeah it is possible but they will get caught when they are converting their fiat into crypto because large amount of crypto cannot be bought through direc money so he need to use the bank account if he uses the bank account then his money will be recorded.And we also need to regulate the exchanges so all the transactions will be recorded if any big transaction then it will get caught.