Post
Topic
Board Economics
Re: Money laundering tools
by
lastnumber
on 07/08/2018, 12:40:26 UTC
Bitcoin is used anonymously by its users and as an opportunity be used wrongly by criminals. Money laundering has existed since before there was a bitcoin. Probably very well known before bitcoin is created. There’s no good and perfect system to prevent it yet. But if you equate bitcoin with money laundering I think it's just a nonsense for protest so bitcoin’s price will go down. Many people don’t take the benefits properly and correctly.
Obviously so. Money laundering criminals are really smart people. They use every means, every means to turn dirty currencies into legal money. Bitcoin is just an algorithm, is a product of technology. But Bitcoin is carrying special value that cash can not have. This is a great advantage for illegal activities. The core issue is not the responsibility of Bitcoin.