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Here’s how criminals use Bitcoin to launder dirty money

Monday, November 26, 2018 by Piyush Suthar | Comments

Home News Tech Here’s how criminals use Bitcoin to launder dirty money

Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and advice to keep you up to date in the cryptocurrency and blockchain world. Since 2009, estimates suggest criminals have used the hyper-connected cryptocurrency ecosystem to launder well over $2.5 billion worth of dirty Bitcoin. Contrary to popular opinion, it’s actually quite easy to link Bitcoin transactions together in order to identify you. This should be obvious, considering public blockchains are totally transparent and browsable by anyone. Still, dumb criminals are constantly caught for using Bitcoin in illicit activities. This is because Bitcoin is not anonymous. In fact, there are barely…

This story continues at The Next Web

Or just read more coverage about: Bitcoin

Authored by Piyush Suthar
Pro Blogger


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