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A comment on Bitcoin falls from $266. Parent comment

Re:Bitcoin falls from $266 by caf on Wednesday April 10, 2013 @08:02PM (#5529062)
I've been trying to figure out a way in which bitcoin could be useful for money laundering, and I just don't see it.

Classic money laundering schemes use businesses which typically have large amounts of anonymous customers paying in cash - the dirty money flows in as cash purchases that didn't really happen from customers that didn't exist. The pseudonymous bitcoin doesn't seem to support this use - it will be obvious from an examinination of the block chain where that money came from.

Can anyone describe a workable money laundering scheme using bitcoin?

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Re:Bitcoin falls from $266 by maxerickson on Wednesday April 10, 2013 @08:24PM (#5529131)
You could spread around small cash payments to establish a bitcoin network and then extract clean money when you managed to get enough outside interest.

I don't particularly think that is what is happening though.

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