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?
With bitcoin, anyone can see the transactions of btc accounts, but with ONION, they have deepsend a feature that will me your tx untraceable! Currently, bad people can use cash to do whatever they want, but with crypto people could do the same, so crypto is at least better than FIAT when it comes to blockchain, no more power goes to central gangsters!
Government has no control on decentralized coins, more on the anonymous coins.
Money launder however will still use exchange to convert their coins into fiat, that's where the government will enter, they require the exchange to comply with the regulation they set, so no person that will not be trace once he used an exchange and even DEX now are targeted by the government.
one example is Binance DEX is not totally DEX.