Post
Topic
Board Economics
Re: Money laundering tools
by
Biggapp
on 27/05/2018, 20:49:47 UTC
Well it can be money laundering tool if the people who uses it is like scammer but we also know that buying money with bitcoins has a transactions and it is not declared as bitcoin yet until he buys the illegal money. Bitcoin is a cryptocurrency and not money laundering tool.
BTC is an anonymous coin that some people use BTC as a place to store assets that nobody can know, which is the best money laundering I have ever seen, and they can hold as many BTCs as they can. They know who they are. That is the point of the BTC that some governments do not accept BTC in their country.
Yes . And every transaction for bitcoin is completely anonymous. And this will be very safe in the transaction. And this is also the point that many people like to invest in bitcoin.
This is great for all those who are having big businesses because they need to pay huge taxes for making these transactions. Bitcoin has made it possible for business community to carry on their transactions more smoothly. I am attracted towards bitcoin just because of its decentralized nature. Governments always are looking for their benefits from the hard earned money of common man. Bitcoin is dangerous for them.