The growing popularity of the use of NEW online currency called " bitcoin ", should be wary. The use of virtual currency is not unlike a new entrance for the money launder alias money launderers.
Bitcoin is a form of virtual payment cryptographic-based tools which allow payments between individuals in real time, anywhere, by using the internet. This transaction does not involve a third party as a supervisory agency. Bitcoin is obtained by means of "mining" with a particular algorithm to be solved.
Around the world, the case of the use bitcoin for illicit money laundering practices already happening. On 22 November 2013, there were transactions of a country that is not known to many as 199,993 BTC. It is not known who the transacting parties. It is possible, given the bitcoin users do not necessarily include real identity. The identity of the bitcoin user can be anonymous. In bitcoin transaction, no one would question the source of funds bitcoin. In contrast to the banks who would ask the origin of the source of funds if one transaction using a bank. Of course, this is a very big gap for the money launders to perform an action.
In some Asian countries, although it has not amounted to bitcoin users abroad, the potential use of bitcoin as a medium instead of money laundering can not be happening. It is very likely to occur. Sort bitcoin virtual currency can be used for patterns for smurfing, which broke the breaking transaction. Smurfing included in the first category of money-laundering techniques that stage placements.
Still remember the smurf comic? Smurfs is a comic series name and also the name of a fictional tribe of blue-skinned and small. On money laundering, as defined smurfing fragment transactions through multiple parties (Smurf). With smurfing technique, illegal money will be broken down into smaller amounts to an account (or accounts, if using bitcoin) to some 'smurf'. It could be, the owner of the account that bitcoin transactions fragment was then entrusted his bitcoin in other countries. Of course, this step will eliminate traces of the money launder.
In some of the Bank's data around asia mention, now there are some merchants who accept payments in Indonesia bitcoin. Merchant was located in Indonesia, Thailand, Hong Kong. It is not impossible, the merchant number will multiply in the future.
There are several advantages of bitcoin. For example, any transaction made by users are always recorded by a miner that is not easily compromised by hackers. Plus, they have a merchant community and community miner.
Risk? Obviously at risk because bitcoin is still relatively new, and they possessed the same opportunity as does libertyreserve.com customers who have laundered money for their own needs. It is expected that all users of digital money to be careful in choosing digital currency to be used as a business.
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