How is money laundering possible in crypto?

[Cryptomint 433]

Cryptocurrencies has no shape and it can be saved online and anyone can save them therefore the money laundering in cryptocurrencies is very easy.

[Choudhary umer 0]

I want to tell you that money laundering is possible in the crypto but I suggest to you that you should to be avoid this and one thing more you should to be secure your account from the others scammers and set the high security and protect your account

[AL SHAIMON 1293]

In crypto world I think money laundering not possible. Because we all know that bitcoin is limited that's mean there will be no new bitcoin after miners generated 21 million bitcoin. I think only for this restrictions in crypto world money laundering almost impossible. 

[Lokeloke 576]

On 12/12/2020 at 6:50 AM, khan22 said:

Money laundering is possible in crypto market very easy becasue in this market the sender and receiver have no record and no one can track that and that is the reason that the peoples say the crypto market is use in black market.

Politicians can use cryptocurrency to loot money, they'll loot a large amount of money and convert them to BTC which will make the money look smaller when converted as millions of some currency did not even reach 1BTC

[pax166 0]

Criminals use different methods in cryptocurrency to hide or launder their illegal money.

These methods are due to some of the vulnerabilities of cryptocurrency such as its inherent pseudonymity,easy cross-border transactions and decentralised P2P payments. It is actually easire that the conventional method of using fiat currency.

 

 

[Flash009 345]

Money laundering means making money through criminal activities such as drug trafficking, terrorist financing, etc., but seems to come from legal sources. Because of privacy, cryptocurrencies are more likely to have illegal activities because crypto transactions have no authoritative control. If criminal activity increases with crypto, it may be banned. 

[Pranto1 40]

Online gambling and gaming through sites that accept Bitcoin or other cryptocurrencies is another way to manage crypto money laundering schemes..  Since crypto is not controlled by any body they can use it wherever they want.  Money laundering will stop only if there are strong rules.

[abohasnn9 2401]

My friend, most of the money laundering operations in the modern style depend mainly on cryptocurrencies. Cryptocurrencies have their first advantage is their decentralization. The person who sends money and the person who receives the crypto money is completely unknown and highly encrypted. This is how money laundering operations are for you. You must choose decentralized platforms for laundering. Thank you.

[Jonson Smith 343]

I would say that it is possible for people with converting dollars.  Because the dollar is effective for every country.  And in this case cryptocurrency will not pay any tax, which is why I think it is possible without converting dollars.  The promoter cannot track the way the promoter occurs.  Cryptos are decentralized and no one can follow them in a straightforward manner so that anyone who sends a huge amount of cash to an event can only monitor the location and track the same number of owners as launching with crypto occurs.

[Aliraza2 318]

So every thing will be possible if you say that thing that the case you have some solid prove to say that type of post i also thing that it is very flexible and you can send it any where in the world in any time without any wasting of paper work in easy methods.

[selfmade 7]

Money that goes trough banking is monitored by the government but money that goes through cryptocurrencies does not go through monitoring.

[Bioslink 172]

There at many people round the word in crypto site so there are some people who use this illegally as it is not supposed to,you know where ever there is good one also the bad one also be there but we have to be careful

[ZAIN13 237]

The money laundering process is based on the many transfers of money that are not tracked.
Crypto cannot be tracked or known who dealt with it, so it is used in those operations and that is the only negative of crypto.

[milyapsak0901 693]

I don't have certain information about that but i think criminals will have dirty bitcoin in a regular bitcoin wallet. They will go to one of these tumbling/mixing services and transfer their dirty bitcoin into the service. I beileve there could be too many options like that. I think it'll be very hard to launder big amounts.

[Fox II 184]

As we all already know that cryptocurrency is an online platform where we can't usually use this currency like traditional currency. No one is aware of this currency except one user and the government cannot interfere here. As a result, it is possible to do money laundering very easily. Usually, if you do money laundering through a bank, the whole process is recorded in the government register. Due to which there is a possibility of being caught.But In Cryptocurrency there was no hope to caught.

[Tolani 174]

Well,  I have not heard of crypto laundering, but don't know how something that is digital can be laundered,  but the world is wide and knowledge is also wide,  tl more @Maihausawa

[Authority 630]

Laundering is barely achievable with the restricted wallets for the reason that as a rule online wallets own day after day limitations and no one preserve throw enormous sum of cryptocurrency. 

[jcmpalacios 53]

Cryptocurrency transactions work under pseudonyms.
However, private wallets, which come in various types, mix and anonymize cryptocurrency transactions, make it virtually impossible to track funds making it difficult to follow a money trail.

[Malik Abdullah 376]

There is  very easy to earn from crypto. Many peoples use crypto illegally they change their identity and use crypto yo earn money. In some countries the use of crypto is illegal. This is easy method to earn bitcoins from this plateform.

[Siam50 923]

Dear friend, I do not know the exact information about the possibility of money laundering in crypto.  But it should not be done in any way.  I think it is easy to give revenue through bitcoin.  Through this many large resources can be expressed in small size.  Bitcoin transactions do not have any credentials as a result of which many people are involved in money laundering and scammers through Bitcoin.  Which step you take is up to you in crypto.  However, conduct all activities in a lawful manner.

[MK AHMAD 1134]

Money laundering is possible in cryptotalk currency platform because the act of plagiarism and unlawful activities in monetary sector is called money laundering and is very possible in crypto currency platform because there are act of fraud and scamming in the platform which is also an act of laundering so it's very possible in crypto

[Roarnoman12 621]

Its easy because crypto talk is a platform with digital currencies. You cannot have to visit a bank ir a state for this. Its totally online work. That's why it is very to use it illigely.

[Sharif4847 277]

There are more opportunities to launder money with cryptocurrency and it is being used for different purposes.  Cryptocurrency cannot be controlled by the government or anyone, so even if money laundering is not made public, the government will take legal action against it if there is evidence of anything.  Scammers are more involved in such activities and are circulating cryptocurrencies in a dishonest manner in various places.

[godislovefll 1880]

On 1/5/2020 at 3:17 AM, Jalil Baloch said:

I have come to know that, capital present crypto has been accused for money laundering and has been sent to jail by polish government.

For the simple reason of not being a transaction with an intermediary, cryptocurrencies will always be used for this type of thing because there are networks and even cryptocurrencies that fit until their purpose of operating with the intention of continuing to hide the transaction id and change it completely. and this is so in favor of those who launder money.

[Techman 197]

On 1/5/2020 at 8:35 AM, Benjamin said:

I agree with this, this crypto are using in the black market and many people are using cryptocurrencies in black markets its because they are anonymous in the transactions, no one can see your history in transactions.

So Crypto has what is called black market again I have never heard about black market. Been anonymous feature of Crypto currencies it is the features that makes it interesting for joining if compare to the corresponding cash currency