How is money laundering possible in crypto?

[Beromnia 733]

Welcome with me
It is strange that these trials occur only in third world countries
Money laundering also occurs with Fiat currencies
  Money can be washed in encryption because the encryption is not subject to an official government or bank, the fraudsters sell their products in exchange for encryption so that they are not subject to government censorship

[Heroshema 0]

There's so many ways to doubling your money .. you can trade or invest or play gambling

[Ovis25 135]

There have been many debate about money laundering on cryto, I advised it is considered because it will help the growth of cryto currencies.

[shafi123 187]

Yes it can be done through cryptocurrency because no one about  more know more and not controle anybody. More transaction are occurs through these cryptocurrency.

[spirite800 3]

Its very posibble,because No government or organization or let say No control from aNY sideside, that control cryptocurrency and that's why most of the countries are yet to accept it. Lastly cryptocurrency is decentralized, it hard to track them in simple way 

[Red-Jones 1150]

4 hours ago, SVS18 said:

Bitcoin price: bulls need to defend the mark of $ 7450
Having withstood the bearish onslaught at a key point of $ 7,455, the bulls must gather strength to neutralize the threat of a short-term price decline.

 

and what does this have to do with the question that OP asked?

 

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Imagine that some thief steals millions of dollars in the real world, but that thief has no way to spend money because he can be arrested, so he buys monero and as monero Is anonymous he can exchange to bitcoin and then spend in the real world

 

 

[Lubruselu 2803]

The money laundering is very possible and easy in  cryptocurrencies because the crypto's are too easy to done transactions and the blackmailers are too hard to be catches

[fatima123 320]

This is very critical thinking about how bitcoin or crypto world used for money laundering it is possible due to decentralized factors of this market because everyone is free to make transactions. 

[inkedwita 1]

Yes, it is very easy for hackers to do the action and wash all the stolen products into a crypto blockchain transaction
 

[Fadimah 191]

Of course, money laundering is possible in crypto. There are accounts for every transaction that occurs. 

[deepown 0]

Because paper money is monitored but crypto is not monitored likewise.

[Syedbesharat 5423]

By making fake coin and register it to any exchange transfer the money like always happens  no one knows why the coin sudden pump and where the money comes.Make it all in BTC so no one can find you.

[Sumayya 493]

20 hours ago, debtpa said:

I think in case anyone launders coins with crypto, it is now not crypto's blame, however he who employments crypto, which individual ought to be imprisoned, I do no longer think cryptocurrency can be observed and you may not find out coins launderers.

It is not crypto that is to be blame, it doesn't use itself but it is been used by others.

[teminalibug 309]

1 hour ago, Mr.alexx said:

Yes it is possible here and I think it is very risky laundering is not yet legalised in many country in many country it is regarded as a crime so we should use it accordingly

Money laundering is n it just not legalized it will never be legalized, it is a process of cleaning illegal money or blood money,.

[Jonn 22]

 funds laundering is undemanding by means of cryptocurrency. as no one controls, no administration or corporation canister have a hold over cryptocurrencies, which is why governments fix not like cryptocurrencies.
 

[Dolpharius 675]

this is normal because it has anonymity and because of such cases it’s not necessary to limit it and I still do this with fiat, it is better to notice the positive aspects of cryptocurrency.

[Lunaa 238]

I don't really how money laundering could happen in cryptocurrency, but I've heard a lot of news about this illegal thing. That's why a lot of exchange are having this KYC procedure or AML (Anti Money Laundering) so there won't be any money laundering in the exchanges, I think? But this kind of illegal things what made cryptocurrency look bad for others.

[ArsalMajeed 178]

Money laundering has a lot of possibilities in crypto. No one know how someone bought crypto & to whom he transfers so Monday laundering is possible. It is because no one is controlling the crypto. Fraudsters has a lot of possibility of doing so.

[Xsimple 441]

I still no idea about that, crpto currency can't be control or manipulate and maybe if some website or exchange that create their own crypto that only available in their site so maybe they can manipulate that.

[ram007 391]

money laundering is possible in crypto that's why some government still prohibited crypto,since there are exchange that not implement kyc,and transaction are not really monitored they use that chance to launder money.

[Raouf99 73]

There is almost alot of money that is being laundering in the crypto market. And I wanna say rhat this is alot of billion of dollars have been wiped in this market. I am always beware of scammers.

[NIVLEM 172]

Due to its peer to peer transaction money laundering is possible. Criminals no need to go to the traditional banks to transact business to their partners. No middlemen will asking where the money came from.

[Sumayya 493]

12 hours ago, teminalibug said:

Money laundering is n it just not legalized it will never be legalized, it is a process of cleaning illegal money or blood money,.

No you got it wrong. It is an act of using money in the wrong way, the illegal use of money.

[Maximumheight 119]

Money laundering is very possible in cryptocurrency because the market is decentralized with limited control currently. Funds can be easily moved from one place to another as nobody has control over your fund except you. But I think with time many organization will begin to bring out different innovation and regulation on how to curtail money laundering.

[teminalibug 309]

7 hours ago, Sumayya said:

No you got it wrong. It is an act of using money in the wrong way, the illegal use of money.

Maybe we should get a definition from trusted source so i'm going to google it.

 

Trusted source definition;

Quote

Money laundering is the illegal process of concealing the origins of money obtained illegally by passing it through a complex sequence of banking transfers or commercial transactions. The overall scheme of this process returns the money to the launderer in an obscure and indirect way. Wikipedia

 

Do you believe me now??