How is money laundering possible in crypto?

[cryptousd20 141]

Money laundering for me is very difficult and you cannot do this because encryption is very strong and you have a currency that has a strong code of its own and you cannot steal it for that. For me, money laundering in the encrypted work is very difficult

[Maroua 1159]

coins has historically been king for those types of organizations due to the fact it's far notoriously tough to trace and because many criminal businesses, specially drug trafficking, theft, and comparable crimes deal in cash.

[BitMart 326]

Most of criminal mind peoples doing different type things for involving cryptocurrency in this and few have few options for them as they can doing this all very easily one is irregulate exchanges as they have no data any informations related to customers so its very easy for them to do through this second is peer 2 peer transactions which also in exchanges have no aml or kyc so these provide clean bitcoins to them for doing this all.

[Gg233 1061]

It will depend on how they used crypto other company or individual and they will take advantage of that as you can see many Ponzi scam that using crypto to scam.

[Epic 289]

Its only possible if you use zcash or monero since both are privacy coins, you would need an outlet for your earnings to explain it to the tax collectors and a good outlet is a casino.

[fuer44 1083]

putting large amounts of money into crypto, because crypto transactions are anonymous and not through banks or third parties, it will be difficult to track who is conducting the transaction at the time. that's what might happen to crypto when money laundring occurs.

[Balimovic 7]

Money lundery seem to have been thing of past with introduction of Bitcoin. Most money that could be lund are now used to buy coin of values

[Merytis 21]

I think money laundering it possible on crypto currencies because its not controlled by a set of people even the government has no power to influence it.

[Mehwish1 1]

Hello friends .

Money laundering through cryptocurrency .

Laundering money through bitcoins is a bad idea not only because illegal. But also because it leave a permanent trail.

[Zero001 59]

I did not hear the news. however, money laundering is very possible in the crypto world, you can find information about crypto mixers, where they change the address of a transaction randomly. but now this has rarely been done. even more so since the KYC system is applied to each exchanger.

[Jesoy 1342]

It is possible in the sense that it's a virtual currency that means it has no accurate phase or system that will stop some laundering. It's really common especially if you are always watching the news.

[Mashiur 77]

Is it possible? Actually we need fight against this bad people. Because they are very harmful for us

[MrGeany 297]

its possible becouse in order to investigate online money laundering you have to ose several contry's resources becouse some one may send btc which is registered to someone living in china or japa so it will take lots of resources to investigate. and if the laundered money is low like 5 000 $ goverment will not care about it... so it 's possible if we aint taling about laundering millions and billions of $$$...

[Zubair farooq 46]

yes money laundering is possible due to this because if any person who knows about the bitcoins and other coin he can transfer the money by converting it into bitcoin and some countries did not use this so i think it is not easy to monitor so they can easily transfer money to other countries

[Maryely 6]

On 5/1/2020 at 3:29, auiwrb4 said:

El lavado de dinero es fácil con la criptomoneda. Debido a que nadie controla, ningún gobierno u organización puede controlar las criptomonedas, por lo que a los gobiernos no les gustan las criptomonedas.

Strongly agree, money laundering will always be present, because there is no control by an entity that can handle it. There will always be people who know how to do the washing and will not waste the opportunity.

[Tasnuba Rafa 7]

I want to ask about the price of bitcoin in the future, because I want more people to express their opinions. Because I'm also looking for important information for more details about bitcoin. Because I plan to buy bitcoin, to be used as savings, if for many people, bitcoin will be good going forward, I won't hesitate anymore.

 

 

[Zero001 59]

1 minute ago, Atef Ali said:

 I hope that they should find a way to stop money laundering from crypto currency. It is totally impossible crypto is giving us benefit and it is the very trusting forum. Criminals will turn criminal money into electronic money to hide behavior. As the cryptocurrencies is not handled and managed by anyone and is anonymous. 

Well, maybe a lot of criminals use mixer systems in money laundering. I also want it to be stopped immediately, but seeing the current situation, it seems difficult. it's just that money laundering doesn't only happen to crypto, even fiat can be like that.

[Brushless4500KV 4214]

I think money laundering is only possible with offline private wallets because most online wallets have daily limitations and no one can send huge amount of cryptocurrency with wallets like Blockchain and Coinbase because they monitor transactions and they may block their users temporarily if they suspect money laundering activities. In general, transactions above $10.000 will be reported for further investigation.

[simizip76 67]

28 minutes ago, Ifrat Jaman said:

We know that cryptocurrency have decentralised system. For this reason no one can track the information. So I think money laundering is very easy by using crypto currency. 

I have no knowledge about this topic i don't know whether it is possible to do money laundering in crypto or not can any one please give accurate information on this topic.thank you.

[qurban 37]

Illegal tax avoidance is simple utilizing digital money. Since nobody controls, no administration or association can control digital forms of money, which is the reason governments don't care for cryptographic forms of money.

[Naylor89 1223]

That is possible bitcoin is use for money laundering all herein the world isn't possible if the poeple want to work out what they want to get bad or good. Bitcoin is good people use bitcoin of fiat money for the bad ways using their ability.

[Sinha 11]

I think money laundering is possible for example by making a deposit in a company or other company and after making a launch they will give you as much as they deposited.  I think it will benefit you.

[Nil Noyona1 28]

I don't know about it but i must say crypto is a very good outsourcing site for earning money. Many people work at crypto   in simple and easy posting. Its a good way to earn money and also learning English  

[Badhon420 126]

At this moment crypto is without a doubt blocked as a result of several areas thanks to crypto fx is without a doubt perfectly incognito.

[Amirul Islam 382]

On 1/5/2020 at 1:17 PM, 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.

Crypto has a bad reputation because of it's anonymous transaction and money laundering. Crypto aren't regulated now and anyone can use it as illegal.