Post
Topic
Board Bitcoin Discussion
Re: Why do people need to use Bitcoin for Money laundering?
by
knightmairesaint
on 03/07/2018, 23:54:15 UTC
It is easy to launder money by buying Bitcoin. Since transactions yet traceable, they are still anonymous. So people used this as an advantage for money laundering.
yeah they find it easy because people whom they have fooled won't be able to show any proofs if things go bad. Here in country, bitcoin is used for scamming and many have been put into jail because of it. Investing is a must at this time  and scammers have found a good tool to be used for stealing money. It is affecting the image of bitcoin negatively and even if we who knows that bitcoin is not scam, other people is still getting a bad idea about it.