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close to? sounds exactly like money laundering, since people who can move money legitimately wouldn’t do so through a relatively risky instrument like bitcoin.
by clairity 5y ago
close to? sounds exactly like money laundering, since people who can move money legitimately wouldn’t do so through a relatively risky instrument like bitcoin. tax evasion is a likely entry-level reason, but often coupled with other sketchy illegalities.
- tiluha 5y agoWhy would you use bitcoin for tax evasion where everyone can see the source of the money? Isn't laundering supposed to hide the origin of funds?
- meheleventyone 5y agoThe pseudo-anonymous nature of Bitcoin makes it easier to hide transactions. It’s for example why online games that let you cash money out (or have rampant RMT) have issues with money laundering and credit card fraud.