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 has been established and this is the bad side of Cryptocurrency, but the good side outweighs the bad side, there are in fact a lot of benefits using Bitcoin and other Cryptocurrency, and fiat are also used in money laundering also, all kind of currency are subject to laundering, it's just that criminals have found a way to use it more in the black market, but like what I said Bitcoin was a more positive usage than a negative one and authorities and the communities are trying to combat the negative side.