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.
This would be called moeny laundring, for many years courrupted govermment officials and scammers have tried to put their moeny either to hide their corrupted moeny or to escape taxation, so they offshore their profir by investing in forigner companies or stocks or they invest in gold, with the cryptocurrency becoming more and more popular and bitcoin having such high price, it comes to no suprise that some will try to use it for frauding and money laundring, but it is still risky because of its volitale price, and this where the govermments's fear comes from the cryptocurrency.