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Only money acquired through illegal means can be considered laundered.
by ashwagary 5y ago
Only money acquired through illegal means can be considered laundered.
- PeterisP 5y agoIf transacting in certain cryptocurrencies is prohibited, then any money traded for these cryptocurrencies is quite literally acquired through illegal means.
- ashwagary 5y agoIf the money was earned from legal activity, I don't think a conversion to crypto is technically money laundering either. Perhaps the profit from holding cryptocurrencies could be considered laundered once converted back to INR since the profit itself was illegally earned.