This could very well be your first reaction.
It is also the name of a campaign with a few important messages behind it.
Counteract money laundering and the financing of terrorism! Counteract other forms of fraud (phishing, vishing, pseudo-free cryptocurrencies, and the like)
Buy cryptocurrencies only in verified sources!
You may be thinking:
It is simple:
A SCAMmer pulls you into a fraud.
Thinking you are in for a lucrative investment you lose your money.
The SCAMMer launders the money so that it could be used freely, because it was obtained through criminal activity.
The dirty money is further used in other, quite often illegal, activities, such as the financing of terrorism.
See a video which illustrates the process:
The most important thing here is that you can lose your hard-earned money.
This, however, is only the tip of the iceberg.
The “laundered” money:
– enhances corruption
– supports terrorist activities
– reinforces the drug business
– supports gambling
…and much more.
First educate, then invest!
Are cryptocurrencies used to launder money?
It is cash that is the top resource used in the process of money laundering. Using cryptocurrencies for such activities is not the best choice!
Not everyone realizes that cryptocurrencies are not anonymous and the transactions recorded in the blockchain are completely transparent.
Here in Kanga Exchange we believe that education in this matter can change your cryptocurrency adventure into an attractive and pleasant journey and not a winding, bumpy road full of dangers lurking around the corner.