Is it true that cryptocurrency is known as money laundering?

Stewart
Posts: 2
Joined: Thu Apr 06, 2017 12:08 pm

Is it true that cryptocurrency is known as money laundering?

Thu Apr 06, 2017 12:14 pm

Where is Bitcoin illegal and why does cryptocurrency is known as money laundering?
Last edited by Stewart on Wed Apr 12, 2017 10:23 am, edited 1 time in total.
milner
Posts: 1
Joined: Thu Apr 06, 2017 10:45 am

Re: Is it true that cryptocurrency is known as money laundering?

Fri Apr 07, 2017 6:06 am

Bitcoin is currently banned in Russia, Iceland, Bangladesh, Bolivia, China, Ecuador, and some other countries which I can't recall of. And no, Bitcoin and other cryptocurrencies do not fall under money laundering as long as you are paying taxes at the time of the transaction. It is considered money laundering only when you are trying to elude the taxes.
fox
Posts: 143
Joined: Sat Apr 08, 2017 8:50 am

Re: Is it true that cryptocurrency is known as money laundering?

Wed Oct 11, 2017 9:17 am

some of countries don’t suppose bitcoin but that doesn’t mean bitcoin is illegal, that would be fine after sometime.
gareth
Posts: 138
Joined: Thu Apr 06, 2017 10:50 am

Re: Is it true that cryptocurrency is known as money laundering?

Wed Oct 11, 2017 9:17 am

it's not true that bitcoin involve in money laundering but some of scammers are trying to use bitcoin in illegal activities
gerrard
Posts: 144
Joined: Thu Apr 06, 2017 8:51 am

Re: Is it true that cryptocurrency is known as money laundering?

Wed Oct 11, 2017 9:18 am

what is the meaning of money laundering? It would only be if you won't pay tax even on a huge transaction or other receive bitcoin as a payment
gigglynxtg
Posts: 208
Joined: Wed Apr 26, 2017 8:33 am

Re: Is it true that cryptocurrency is known as money laundering?

Wed Oct 11, 2017 9:18 am

yeah may be it's possible that bitcoin include in money laundering
giles
Posts: 137
Joined: Tue Apr 25, 2017 5:36 am

Re: Is it true that cryptocurrency is known as money laundering?

Wed Oct 11, 2017 9:18 am

gigglynxtg here is not asking about 'bitcoin', its cryptocurrency that include all others digital currency
gutsymug
Posts: 92
Joined: Sat Sep 09, 2017 6:10 am

Re: Is it true that cryptocurrency is known as money laundering?

Wed Oct 11, 2017 9:19 am

as you pay tax then it won't consider in money laundering
Hart
Posts: 138
Joined: Sat Apr 08, 2017 8:33 am

Re: Is it true that cryptocurrency is known as money laundering?

Wed Oct 11, 2017 9:19 am

some of says its true some of says its not..but according to me none of crypto include in illegal activities unless until you pay some of extra charges
hellGrinder
Posts: 213
Joined: Wed May 03, 2017 7:45 am

Re: Is it true that cryptocurrency is known as money laundering?

Wed Oct 11, 2017 9:19 am

bitcoin is illegal in India.
hendo
Posts: 173
Joined: Thu Apr 06, 2017 10:48 am

Re: Is it true that cryptocurrency is known as money laundering?

Wed Oct 11, 2017 9:20 am

It may be considered illegal tax avoidance to the best of my insight in the event that you are attempting abstain from paying the essential levy to government.
hipcolumn
Posts: 221
Joined: Wed Apr 26, 2017 8:49 am

Re: Is it true that cryptocurrency is known as money laundering?

Wed Oct 11, 2017 9:20 am

Bitcoin or different digital forms of money are not considered as tax evasion since you need to pay charges at the season of the exchange. It is considered illegal tax avoidance just on the off chance that you are irritating to sidestep paying expenses to the experts.

Return to “Legal”

Who is online

Users browsing this forum: No registered users and 1 guest