Is crypto currency a money laundering scheme?

jehova · 2026-02-05T21:26:39-05:00

Scams & Pyramid schemes - Is crypto currency a money laundering scheme? I think so! It’s being used for crime and... (11 replies).

Poll - Total Votes: 11

Yes laundering money

Yes for sex trafficing

50:50 / unsure

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I think so! It’s being used for crime and probably sex trafficking. All to avoid taxes
You get Two votes.

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ArishMell · 70-79, M

Not itself, no, but it is unofficial and no-one seems to have the courage to clamp down on it, better still put it out of existence; so it is ripe for criminal uses.

The crimes may include sex-trafficking and pornography but those probably forming a small proportion of the total illegality.