Quote from: vy99 on July 24, 2018, 09:02:27 PM

Quote from: WorkCoin on July 24, 2018, 08:33:34 PM

Similarly besides its high value, the anonymous and untraceable nature of Bitcoin transactions makes it such a perfect currency for criminals. Bitcoin has attracted considerable adoption by criminal dealers on dark marketplaces using it as a convenient medium of exchange. From drug gangs in Spain, money launderers in the US, cyber-crime gangs in Russia to kidnappers in Turkey; all have found motivation and convenience in using Bitcoin and other cryptocurrencies to complete their underworld transactions unnoticed.

Just to dispel this notion once and for all it's been proven that real estate is a better source for money laundering than Bitcoin or cryptocurrency: https://www.cryptoglobe.com/latest/2018/06/bitmex-easier-to-launder-money-with-usd-real-estate-than-crypto/

Whereas it may be true that real estate is experiencing greater cases of money laundering, its cryptocurrency related cases that have a potential to cause global financial instabilities. It is the money laundering in crypto business that can put global financial stability at risk, to which reason G20 governments have called for a quick review on global anti-money laundering (AML) standard to see how it can be applied to cryptocurrency;
https://www.coindesk.com/g20-eyes-october-deadline-for-crypto-anti-money-laundering-standard/

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