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?
Yes, it is very much possible to launder money with bitcoin and I am sure there are already many cases of this happening. There are created a lot of sites and applications that use bitcoin for this.
Back in the days where exchangers doesn't comply with KYC proceedings where big sums of money can still freely go in but now there is already a restriction into the amounts which if you do launder money on huge sums then identity information would be asked unless if you do Peer to Peer transactions with people do have BTC then its possible but if you do go into other services then it would be hard as of these days.