Bitcoin ATMs are taking money laundering to the next level

[TLR Is Mental Poison]

but this is what happens when bitcoin isn't regulated by governments...........

I mean u can keep the cash in bitcoins but if u want to use it for major purchases its still basically dirty money. So bitcoin is still regulated in a roundabout way

 

[Ed MOTHERFUCKING G]

If u pop up as suspicious for tax evasion, they hit ur bank up with the subpoena its a wrap for that ass

U can make the money but how will u spend it? U want to buy a house for example, 'ur last tax returns have been 40-50K the last 5 yrs, whered u get 400K to buy a house cash'? Mortgage? They want proof of insurance. Front businesses? U mite as well declare the income. In the long run the IRS always wins

Because of what i do Im not going to walk you through the money laundering process, but i described it including a business in my first reply

 

[无名的]

Are these in any way regulated by FinCEN? You'd think they'd have to be compliant before doing this.

 

[TLR Is Mental Poison]

Because of what i do Im not going to walk you through the money laundering process, but i described it including a business in my first reply

I dont see how doing a deposit from a Bitcoin business account to a checking account would do anything though. If your account got subpoenaed how would you explain the Bitcoin deposit?

 

[Amestafuu (Emeritus)]

You have $10000 dirty money in cash

You deposit it into your bitcoin wallet through an atm

You then do a 'transaction' through a business acct of yours in bitcoin to cash into a checking account (just directly into a personal account if you want)

That money is now clean.

Placement...layering...integration...easier than ever

That's NOT clean dude.

 

[AgentGrey]

Like always, bitcoins have only been useful for pump n dumps.

 

[Nigerianwonder]

I dont see how doing a deposit from a Bitcoin business account to a checking account would do anything though. If your account got subpoenaed how would you explain the Bitcoin deposit?

Bitcoins are not traceable so if the business only accepts bitcoins nontangible goods like instant download ebooks or something it would be impossible to account for or prove your lying.

 

[Amestafuu (Emeritus)]

Bitcoins are not traceable so if the business only accepts bitcoins nontangible goods like instant download ebooks or something it would be impossible to account for or prove your lying.

So theoretically this front business would accept bitcoins as payment right?

If a business ONLY accepts bitcoins the tranctions themselves might not be traceable but you will most definitely be watched lol. How do you keep suspicion away while accepting a clandestine currensy.

I'm sure the brehs on silkroad were government proof too...

 

[TLR Is Mental Poison]

Bitcoins are not traceable so if the business only accepts bitcoins nontangible goods like instant download ebooks or something it would be impossible to account for or prove your lying.

It would be very easy.

 

[Domingo Halliburton]

this shyt is going to zero.

 

[TLR Is Mental Poison]

this shyt is going to zero.

When my nikka, u gonna be around long enough to cash in on the short cause this shyt is lookin like the future

Id bet on Bitcoin holdin it down before Venezuela getting it together

 

[Domingo Halliburton]

When my nikka, u gonna be around long enough to cash in on the short cause this shyt is lookin like the future

Id bet on Bitcoin holdin it down before Venezuela getting it together

you're probably right. Maduro needs to

 

[TLR Is Mental Poison]

you're probably right. Maduro needs to

shyt is deep bruh. How do u fix a broken govt/country in this microwave generation

 

[Master Teacher]

Its The same way all money laundering works except with this where theres a step that turns money into fake money and back into real money...instantly.

How do "i deposited $20000 and got bitcoins with that money" look on exchanges.

There's no such thing as real money. Money is whatever people choose to acknowledge and accept as currency, which Bitcoin and other E currency's have already proven. You're US dollars are just as imaginary as the bitcoin

Plus money laundering is easy to do without bitcoin. Only reason people get caught is because they are already been investigated for their crimes, if your not suspected of being a criminal you can laundering money without any problems

 

[Malik]

You have $10000 dirty money in cash

You deposit it into your bitcoin wallet through an atm

You then do a 'transaction' through a business acct of yours in bitcoin to cash into a checking account (just directly into a personal account if you want)

That money is now clean.

Placement...layering...integration...easier than ever

That's what money laundering is