Post
Topic
Board Economics
Re: Money laundering tools
by
basyang
on 12/10/2018, 20:27:46 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.

It seems to me that, Crypto can be a tool to be used to money laundering but it is not a money laundering but a thing that people can be used to do some illegal activities. Crypto is a decentralized transactions and we are anonymous here so it can really used to do some not so good transactions to hidden there identity. Its sad to hear that people did not used it properly.