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> There will always be a shady exchange or five, the pressure from criminals looking to launder crypto is just too great. I wonder why because laundering crypt
by super256 4y ago
> There will always be a shady exchange or five, the pressure from criminals looking to launder crypto is just too great.
I wonder why because laundering crypto will always be easy with crypto, even with exchanges like Coinbase.
To launder cryptocurrency into your bank account, the best practice is to create a business with non-physical stuff which scales up (in terms of money) quickly. Sell e-books, email hosting, consultancy or whatever.
Then, accept crypto with your business with Coinbase merchant, opennode or whatever, and you know, transfer the sweet USD to your bank account.
The origin of your illicit BTC you receive should obviously be obscured, so maybe trade BTC to $privacycoin and back again, before sending it to your business.
You can add as much complexity as you want. You know, offshorecorptalk.com is actually a great resource for this.