Quote from: Schirer on July 25, 2019, 08:55:31 AM

Quote from: shamzblueworld on January 09, 2017, 05:11:50 AM

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?

It used to be very easy to use BTC for stealthy money transfers. Nowadays it is becoming more and more difficult. The main reason is that regulation is getting stricter.
1. FATF recently added their guidelines how to collect and what data collect on crypto users , it starts with as small as a sum as 1000 USD
2. Localbitcoins recently removed cash deals from their platform

It's crazy to me that BTC is still the most widely used in the dark web too. Did you see Ciphertrace's TRISA announcement which is their way of providing more privacy to the FATF guidelines?