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Bitcoin & Money Laundering: Busting the Crypto Crime Myth
Manage episode 483431275 series 3512732
You've heard the headlines: “Bitcoin is for criminals.” But is that actually true?
In this episode, we dig into the data, scandals, and hypocrisy behind the global money laundering industry. Spoiler: it’s not Bitcoin moving $2 trillion a year — it’s the traditional banking system.
🔍 Inside the episode:
- Bitcoin money laundering vs the $2T fiat system (UNODC data)
- HSBC, Deutsche, and Danske — the real “cartel banks”
- Europol’s 2022 report debunking the “crypto = crime” myth
- Why Bitcoin’s blockchain makes it one of the worst tools for laundering
- Case studies: Colonial Pipeline ransom recovery, Welcome to Video bust
- The role of tools like Chainalysis and TRM Labs in tracking crypto crime
We also unpack quotes from Nobel Prize-winning economists and banking CEOs calling Bitcoin a Ponzi scheme — while their own institutions launder billions.
💥 This is the episode to share next time someone says “Bitcoin is for criminals.”
Get intouch with Myles at [email protected]
80 episodes
Manage episode 483431275 series 3512732
You've heard the headlines: “Bitcoin is for criminals.” But is that actually true?
In this episode, we dig into the data, scandals, and hypocrisy behind the global money laundering industry. Spoiler: it’s not Bitcoin moving $2 trillion a year — it’s the traditional banking system.
🔍 Inside the episode:
- Bitcoin money laundering vs the $2T fiat system (UNODC data)
- HSBC, Deutsche, and Danske — the real “cartel banks”
- Europol’s 2022 report debunking the “crypto = crime” myth
- Why Bitcoin’s blockchain makes it one of the worst tools for laundering
- Case studies: Colonial Pipeline ransom recovery, Welcome to Video bust
- The role of tools like Chainalysis and TRM Labs in tracking crypto crime
We also unpack quotes from Nobel Prize-winning economists and banking CEOs calling Bitcoin a Ponzi scheme — while their own institutions launder billions.
💥 This is the episode to share next time someone says “Bitcoin is for criminals.”
Get intouch with Myles at [email protected]
80 episodes
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