According to a recent article in Belgian newspaper De Morgen, the government is setting plans in motion to target money laundering actions in Bitcoin. Similarly to any type of payment in the world, Bitcoin has become a tool wielded by internet criminals. However, the popular digital currency does not provide privacy or anonymity, and tracking down individuals using Bitcoin for money laundering purposes is a lot easier compared to when cash is involved.
http://bitcoinist.net/belgian-governmen ... aundering/
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jdebunt
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Bitcoinist - Belgian Government Aims To Prevent Bitcoin Money Laundering
Freelance Bitcoin | Blockchain | FinTech | Finance | Technology Writer
Re: Bitcoinist - Belgian Government Aims To Prevent Bitcoin Money Laundering
If it is really so easy to track bitcoin, why do criminals use it?
Is it just not in focus of law enforcment?
You should be able to track the way bitcoins flow and if the individual sell them you get them.
Only if he buy something with bitcoin you may not be able to track him.
Is it just not in focus of law enforcment?
You should be able to track the way bitcoins flow and if the individual sell them you get them.
Only if he buy something with bitcoin you may not be able to track him.
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