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's not that simple to do corruption using crypto currencies, experience was teach us how BTC-e was seized by the FBI.
The main reason was money laundry activities. Currently, almost all exchangers apply the KYC rules, where we must use the original data with provided scanned document to verify the account. so that it can conduct trading and withdrawing balance in large quantities.