Post
Topic
Board Legal
Re: Money laundering via BTC
by
Capradina
on 12/07/2018, 14:19:04 UTC
Is it possible to do money laundering via bitcoin? I mean as no one knows if you have bitcoin and how much bitcoin do you actually own, it could be used to convert black money to white right? Or at least store your black money without much hassle. But there is the risk of its value but I think for people who have lots of black money and don't want to be caught, this risk might be worth taking for them isn't it?
What are your thoughts?
I think it's pretty hard to do money laundering using Bitcoin, because every official exchange forces you to do KYC.