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This has supported my trust in bitcoin from the very beginning. Why do you need NFT for money laundering when you can use cryptocurrency to achieve the same dir
by powerapple 5y ago
This has supported my trust in bitcoin from the very beginning. Why do you need NFT for money laundering when you can use cryptocurrency to achieve the same directly?
- hulitu 5y agoBecause maybe someone has find ways to counter this type of money laundering so they need to find new ways
- Grustaf 5y agoHow do you launder money with bitcoin? With NFTs it's easy, you can just buy some ugly jpg for 1 m, then sell it to your shell company for 10 m.
- fuzzylama 5y agoI presume the tax man is aware of this kind of schemes
- Grustaf 5y agoSure, but in some countries capital gains are tax free.
- powerapple 5y agoCan you make an ugly jpg for 0 cent and sell it to your shell company for 10 m? save the first million. Previously you can send money to mining company for machines, farm bitcoins and then sell machines back to mining company. I am not sure how easy it is now.
- Grustaf 5y agoIt would probably look better if you are not the person making it in the first place, and you need to make it look like you're paying a market price for it.