ass=”text-big-title”> 1. Why can digital currency launder money?
First of all, we still have to admit that digital currency is indeed used by some people to launder money.
Andmore and more criminals are turning from “traditional” money laundering methods to digital currencies.
For example, killing pig plate. (If you don’t know the killing pan, please read this “read the 3-day internal training materials of fraud gangs , I shed cold sweats and tears of sigh》)
Previously, the most typical method of killing pigs was to lure victims to fake gambling sites. Starting from the second half of 2020, more and more pig-killing gangs are turning to let victims recharge digital currency.(the reason will be mentioned later).
Considering that some shallow friends are not familiar with digital currencies, here is a brief introduction to why digital currencies can be used for money laundering.
Li Rui summarized several reasons for everyone in his speech:
Reason 1: Involving cross-border transactions, it is difficult to freeze funds
Fiat currency is subject to cross-border capital controls.
If you want to remit a sum of RMB into U.S. dollars, you must first purchase foreign exchange at the bank. The entire remittance process is subject to foreign exchange control. For example, there are regulations that generally only have a purchase limit of $50,000 per person per year. .