Post
Topic
Board Bitcoin Discussion
Re: Money Laundering started with banks not bitcoins.
by
suzanne5223
on 01/12/2018, 19:45:42 UTC
And what people don't understand is that it will continue after bitcoin, everyone thinks bitcoin makes it easier, but as long as there is cash, there will still be money laundering, since cash is the most anonymous way to have money, it is practically untraceable, unless you put one of those detectors that banks use.
I agreed with what you said because money laundering is not something that start this days, it something which have been happening right from the time when gold was used as money and for the government to say bitcoin help money laundering is just one of their excuse in other to control bitcoin. However, if bitcoin does help money laundering how did fish out those that used bitcoin for illegal activities and it because every transaction on the bitcoin network can still be monitor through the blockchain.