Why are no corrupt officials embezzling Bitcoin?
Then you really underestimate corrupt officials. I can tell you for sure that cryptocurrency has become a new method and tool for corrupt officials to commit corruption.
The work of anti-corruption is becoming more and more difficult, and the challenges are getting higher and higher, because the methods of corruption are more advanced, the forms of wealth embezzlement are more invisible, and the methods of money laundering are more sophisticated.
You think money laundering is only about fraud, gambling, etc., and the amount is compared with corruption. This is all childish.
Imagine how terrible it would be if politicians all over the world were corrupting themselves through cryptocurrency.
You may not be able to understand that there are billions of dollars hidden in a small USB flash drive.
You may not understand that there are billions of dollars hidden in a series of keys.
You only need to remember this string of keys, and you can convert crypto assets into Japanese yen, US dollars, legal tender, etc. in many places around the world.
What is even more frightening is that it bypasses the domestic financial system, bypasses banks, and bypasses the foreign exchange settlement system.
Do you know how much RMB has flowed out in the form of cryptocurrency over the years? You don’t know, and I don’t know either, but it is definitely not less, legal or illegal, at least hundreds of billions. #BTC #虚拟货币
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