The people in Banking industry have long associated Bitcoins with money laundering, from calling it a bubble to linking it to terrorists money they did everything in their power to destroy bitcoins. Today it's been proved that money laundering happens due to banks, was happening before bitcoins came. Deutsche Bank has been raided for money laundering, and it's pertinent to note bankers from this bank had said bitcoins is used for money laundering. It proves that fiat money is and always will be used for money laundering, it's time to stop the witch hunt against bitcoins. #ItrustBitcoinsoverBank.
Link: https://www.newsbtc.com/2018/11/29/bitcoin-is-criminal-money-says-the-media-while-deutsche-bank-gets-raided-for-laundering/
Link: https://www.newsbtc.com/2018/11/29/bitcoin-is-criminal-money-says-the-media-while-deutsche-bank-gets-raided-for-laundering/
I did not think there was a need to prove that Bitcoin was not the source of money laundering as it existed way before Bitcoin. There will be money laundering as long as there is a financial system.
I think the money laundering will evolve from traditional way into digital way because from day by day, the technology grows and gives support too. But yes, money laundering started from the banks because the banks were the first financial system people used. We see and hear from many news about money laundering in many countries, and I guess that people who get involved in the money laundering will start to think about using bitcoin for another way to still doing money laundering
