How to use bitcoin to launder money

1. If there is a problem with the source of bitcoin, it may not be limited to money laundering. Doesn't he own Alipay? Why don't you use your own? It doesn't do you any good.

2. Users can buy bitcoin, and at the same time, they can use computers to do a lot of calculations according to the algorithm to "mine" bitcoin. When users "mine" bitcoin, they need to use the computer to search for 64 bit numbers, and then compete with other gold miners by repeatedly solving puzzles to provide the required numbers for the bitcoin network. If the user's computer successfully creates a set of numbers, then they will get 25 bitcoins. Due to the decentralized programming of the bitcoin system, only 25 bitcoins can be obtained every 10 minutes. By 2140, the maximum number of bitcoins in circulation will reach 21 million. In other words, bitcoin system is able to achieve self-sufficiency, resist inflation through coding, and prevent others from destroying these codes

warm tips:
1. According to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by monetary authorities, does not have monetary attributes such as legal compensation and compulsion, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market
3. The above explanation is for reference only. Investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any investment operation

response time: February 5, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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3. Because bitcoin is not monitored, there are several currencies in various countries. If you want to trade these currencies, you can easily trace the source. But bitcoin will not, because it is a digital currency, and it is not issued by any country, so it is impossible to trace its source. It's safe and convenient for those gangs to launder money with bitcoin

4. This kind of behavior belongs to economic crime. Bitcoin belongs to the virtual currency without permission of the state, so it violates the law of illegal fund-raising.

5.

1. Bitcoin by watching video

coinbase, a bitcoin exchange in the United States, launched a project called "coinbase earn" two years ago. You can get various digital currencies by watching some blockchain or bitcoin knowledge videos, and then answering some multiple choice questions. This kind of virtual currency is similar to collecting wool and can earn hundreds of dollars in general. But you have to register as a user first

2. Bitcoin loans earn interest

if you already have some bitcoin, you can earn bitcoin interest by borrowing. You are like a bank, lending your bitcoin to another person at a certain interest rate. Because the market is not regulated, interest rates are usually much higher than standard bank rates, which means there is potential for high returns. But there are also risks. What if the other party doesn't pay you back? Therefore, we need to choose some third-party P2P intermediary platforms to borrow, such as blockfi, NEXO, btcjam, bitbond, etc

3. Get bitcoin by doing tasks

everyone has more or less come into contact with some online earning platforms. You can register an account on the online earning platform, and then do some small tasks to get a few cents' income. These tasks include registering an app account, downloading an app, and so on. Bitcoin can also be obtained by doing tasks, which is the simplest way to get bitcoin. That is to say, the revenue from bitcoin is not much, and it is time-consuming

4. Take bitcoin for watching ads

some websites encourage users to watch ads or click on ads, and then pay users bitcoin as a reward. In fact, this is also a task of the nature of the site, your task is to go to other sites to see advertising or click advertising. At present, the well-known task publishing platform is ads4btc, which allows users to watch ads for 5 seconds, 10 seconds or 20 seconds, and then users earn bitcoin rewards

but the reward is very low. According to the price offered by ads4btc, if you watch ads all day, the income will not exceed $10, so it may not be a feasible choice for most people. Unless there is a cheating machine, it can replace you in advertising

5. Bitcoin faucet

bitcoin faucet is the most popular way to collect wool in coin circle. In December 2010, in order to let more people know and try to use bitcoin, Gavin andresson, member of bitcoin core development team, bought 10000 bitcoins for $50 and created a website called "bitcoin faucet". At that time, as long as you visit this website, you can get five bitcoins for free, which was worth about 5 cents at that time. This has a significant effect on people's acceptance of bitcoin

6.

Brazilian police seized a criminal gang using bitcoin to launder money on the 13th. This is also the first case of using virtual currency in Brazil. On the same day, the police launched a new round of anti-corruption operations and arrested former government officials and special police officers in Rio de Janeiro. They are suspected of embezzling state assets by issuing high priced invoices

Different from traditional currency, bitcoin is actually a kind of encrypted data based on blockchain technology, which can realize point-to-point payment transactions with bank support. At present, many countries have tightened the supervision of bitcoin in order to control financial risks and combat money laundering

7. It's not a question of whether or not... Take a look at the price of bitcoin for yourself

8. It depends on whether the country admits it or not. The essence of money is commodity. Theoretically speaking, any commodity can become money, but from the perspective of transaction, the result is bound to be closer to things with consistent quality, stable and reliable nature, easy to measure, divide and preserve, and relatively stable output. Metal money, especially gold and silver, is a rule

since the rise of banks, people have replaced metal currency with paper money, but paper money is not a real currency, but a kind of bond (for example, five dollar bill printed with "Federal Reserve bond / United States of America / five dollar": "this bond is a legal currency, which can pay all public and private debts" -- Friedman: free choice). When these banknotes are monopolized by the government and forced to circulate, they become legal money. Legal money can not be directly converted into metal money of equal denomination, so it can not be regarded as real money

later, the credit attribute of money was developed. But credit must still rely on commodities, not commodities. Money made out of thin air is inflation, and its essence is the decline of the quality of money itself. Such as worn coins, such as insufficient money, such as token under partial reserve. If this kind of currency is forced to circulate, bad currency will be eliminated from good currency. On the contrary, if we let nature take its course, we will eliminate bad money from good money, because no one likes bad things. It is a process of anti inflation for good currency to eliminate bad currency.

9. Ji Kuisheng, founder of lufax, told reporters: "massive cyber blackmail has caused more problems about bitcoin regulation." At present, it is difficult for regulators to track bitcoin accounts, but the flow of bitcoin transactions in the future should be tracked at least at the regulatory level
according to the report, three main persons in charge of GBL have been arrested. This is the first bitcoin criminal case handled by China's judiciary
Zhang Jun, partner of ten dimensional capital, told reporters: "there is no breakthrough in cyber crime from bitcoin. We can't track it unless we have informants or other intelligence. That's the price of anonymity, and that's why bitcoin is still illegal in many countries. "

10. Of course, China's network monitoring is not perfect