Hi guys ! My name’s Dave.
ข่าวกีฬา
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’s possible for people to commit money laundering using Bitcoin, but based on my research long ago, the percentage of such thing happening is around 0.5% and it’s way too less compared to cash, which means that criminals or people who commits such a crime makes use of mostly cash to carry out their operation and Bitcoin is mostly not an option for them.
The reason why they don’t consider Bitcoin is because the Blockchain technology leaves every transaction public, which also makes it manageable, and they can be traced with it. They still have methods that they use at times to launder money though, but I still think if the government is serious in tracing them, they will still do.