Money Laundering Is Facilitated By Banks Rather Than Bitcoin
In the end, Bitcoin is a lot harder to move funds into and out of it - in fiat currency - compared to the banking system. Many people often tout Bitcoin as a perfect tool to launder money and sluice funds to offshore bank accounts. But if there’s one thing the Panama Papers leak has taught the world, it is that people won’t go through all of that trouble when the traditional financial ecosystem offers a far more convenient solution to perform money laundering on a global scale. Anyone who would be looking to participate in money laundering through offshore bank accounts has no reason to go....
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