Quote from: blckhawk on Today at 10:19:03 AM

Quote from: meliodasgaming on November 18, 2020, 10:19:48 AM

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 is possible especially because of the characteristic does Bitcoin has which is decentralization. It would be a lot difficult for authorities to monitor or track this kind of activity unless you will undergo KYC in some exchanges or something. However, I wouldn't recommend this such activity as it destroys images of crypto especially Bitcoin that is why several governments across the world are having a thought of accepting it or legalize the use of Bitcoin.

The very after effects if does being tracked down. The image of this entire industry are being affected since those who
don't understand the concept will conclude right away.

Money laundering are everywhere, not just inside crypto but as development grwos, those illegal doers are continually
looking for the best place to deal with their illegal activites.