HSBC was involved in $100,000,000,000 money laundering in 2015. Price manipulation at the highest level in possible.
Huge amounts of money can be sent for illegal activities.
So in your opinion how it affect Bitcoin and Cryptocurrecy market ?, It make Cryptocurrency price rise or make they are prevented by government ?. Huge amounts of money can be sent for illegal activities.
I want to know all of your opinion to gain experience and lesson in this market
Thank you
I think we already have gotten answer to this one, government dont like people using bitcoin for the illegal activities and they stated to ban it even there was no proof collected about it. However government stayed firm on their decision that bitcoin is being used that way and they banned it in many parts. Then after they gotten the proof that bitcoin was actually being used for the money laundering purpose and thus got involved into the illegal stuff. Not much far, they sooner exposed that its being blacked out in the dark web and being used for worst activities.
So the output of this discussion is, its not just the sharks and whales who are manipulating the market but dark site money driving force is also taking long part in this manipulation because they drive crazy money into them and sell off quickly.
Yeah and those bastards don't need crypto to do their own dirty work, they can just fly planes full of cash over when they need to send black market money somewhere. Then they just print more of the shit and make taxpayer foot the bill. If it's that easy, why would they need to do it with crypto?
Crypto represents more of a threat to their established authority than an opportunity. That's why the market cap is still so small. If it was really a tool they wanted to use for themselves, they would be pumping more money into it. But instead it is a danger, not just because of money laundering but because of subverting the banks.