Post
Topic
Board Economics
Re: Money laundering tools
by
Crafts12
on 27/09/2018, 07:10:35 UTC
In my opinion, BTC is not a traditional currency like gold and silver because it does not have any use value, so it is not a credit currency. It's basically just one use, money laundering tool. The tool explains why bitcoin prices are spread across the country and abroad. Domestic money is changed into bitcoins and then physical transportation to overseas exchange for foreign currency escapes regulation and the cost of money laundering is lower than before, and the risk is low.

Indeed. Bitcoin for others is a tool for money laundering. They use it in able to get the money of some people they wanted to. They scam people by means of bitcoin tha is why most gpvernment still studying it carefully whether they will legalize it or not. However, bitcoin is not only that. It can be useful to everyone just make it or use it in correct situation.