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?
Money laundering thru Crypto is already applied and used by the people to hide their illegal assets before and for me this is the one main reason of why Bitcoin price become more expensive last year but unfortunately for this bad guys because the regulation is now strictly applied in every country to prevent this illegal activity that is why KYC is one of the requirements now to anyone who would like to join the Crypto.