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[aryan4]

Australian financial institutions laundered $ 387 million for Latin American cocaine cartels, according to a new report.
Recently, Bitcoin has had to deal with the constant money laundering-related fees, especially by regulators. However, according to a recent report, it turned out that banks in Australia, not Bitcoin, were engaged in serious money laundering.
What do you think about this detection?

 

[Niftyicon]

I have once stated that money laundering is not restricted to bitcoin and can be done even with fiat. I am certain that those banks knew what was going on while handling those funds.

 

[achawaskey]

They are use unregulated nature of bitcoin to perpetuate evil or carry out illegal activities. Bitcoin is now a safe heaven for money laundry and is one the reasons why some countries has refuse to accept it.

 

[fastmoney1]

The way that banks operate are regulations that each country implements, they are the ones that manage the use and administration of those assets, bitcoin and cryptocurrencies in general are not regulated by governments.

 

[BullyMaguire]

This what i've been saying.. we can't call Bitcoin a dirty currency or blame it for scams because even fiat are being used for illegal activities long before the Cryptocurrency existed.

 

[fastmoney1]

This what i've been saying.. we can't call Bitcoin a dirty currency or blame it for scams because even fiat are being used for illegal activities long before the Cryptocurrency existed.

I am in the same position as you, bitcoin is not the culprit for shady businesses to occur since the beginning of the use of paper currencies illegal operations have been registered and at that time bitcoin did not exist.

 

[BullyMaguire]

I am in the same position as you, bitcoin is not the culprit for shady businesses to occur since the beginning of the use of paper currencies illegal operations have been registered and at that time bitcoin did not exist.

Exactly, the one to blame is the person responsible of the crime. Even if it's not the money we're talking about people will still do something to take advantage of someone else. It's just our their nature.

 

[fastmoney1]

Exactly, the one to blame is the person responsible of the crime. Even if it's not the money we're talking about people will still do something to take advantage of someone else. It's just our their nature.

The responsibilities of punishable acts are determined by the authorities of each country and it can be said happily that the fault lies with the bitcoin, each person must be responsible for their acts and not seek out spying.

 

[BullyMaguire]

The responsibilities of punishable acts are determined by the authorities of each country and it can be said happily that the fault lies with the bitcoin, each person must be responsible for their acts and not seek out spying.

Well it's certainly harder to trace those people whose doing crime because they're using Bitcoin. I hope one day there will be a solution for that.

 

[SCAMEXPOSER]

Well it's certainly harder to trace those people whose doing crime because they're using Bitcoin. I hope one day there will be a solution for that.

They can be traced even using bitcoin if the government is ready
With or without bitcoin people will continue to launder money so it is not bitcoin but people

 

[Josemendez]

Australian financial institutions laundered $ 387 million for Latin American cocaine cartels, according to a new report.
Recently, Bitcoin has had to deal with the constant money laundering-related fees, especially by regulators. However, according to a recent report, it turned out that banks in Australia, not Bitcoin, were engaged in serious money laundering.
What do you think about this detection?

This is why it always sound very odd when people criticize Bitcoin because of the money laundering activities. Money laundering can be done through any medium

 

[SCAMEXPOSER]

The people that doesn't want bitcoin to progress are the ones criticizing it that it is money laundry otherwise in my opinion he doesn't because money laundry has been existing long before bitcoin was launched.

 

[fastmoney1]

Exactly, the one to blame is the person responsible of the crime. Even if it's not the money we're talking about people will still do something to take advantage of someone else. It's just our their nature.

Not all human beings seek to benefit from others in any way and dirty business is a way of acting of some people involved in this business, so let's not blame bitcoin.

 

[SCAMEXPOSER]

Bitcoin is just a coin created to allow smooth running of transactions privately online, if someone wants to launder money Government should track the person from the source not in bitcoin

 

[fastmoney1]

Bitcoin is just a coin created to allow smooth running of transactions privately online, if someone wants to launder money Government should track the person from the source not in bitcoin

You are absolutely right in your comment and I see that you are very involved with the way in which operations with bitcoin are handled, it is true that it is part of governments to investigate those people who commit illicit acts and not bitcoin.

 

[SCAMEXPOSER]

If money is launder, the government knows from the money left and the people in such section or sector so that is where the investigation should be . People can launder money with any Currency not only bitcoin.

 

[fastmoney1]

The people that doesn't want bitcoin to progress are the ones criticizing it that it is money laundry otherwise in my opinion he doesn't because money laundry has been existing long before bitcoin was launched.

My friend, I am in the same position as you, bitcoin is not guilty of unreadable businesses, only to seek is to destroy the progress that currency has had.

 

[SCAMEXPOSER]

My friend, I am in the same position as you, bitcoin is not guilty of unreadable businesses, only to seek is to destroy the progress that currency has had.

Some greedy financial experts that has Invested in other businesses or commodities other than Crypto currencies are the ones looking for all ways to kick out Cryptos.

 

[BullyMaguire]

Not all human beings seek to benefit from others in any way and dirty business is a way of acting of some people involved in this business, so let's not blame bitcoin.

That's right, not everyone is like that and to blame the tool of crime as the cause is just wrong. Even fiat is being used for wrong doings.. it just depends on the person using it itself. There are people that is using Cryptocurrency to donate. Yet medias are not showing that on the news

 

[Yugocean]

Bank is also an institution, only people running it can do that; corrupt people, are complaining cryptos only because they are not making enough now and have to enter in real trade for making money, but they are doing in wrong way.