One of the primary reasons why government around the world are suspicious of bitcoin and crypto currencies is the issue of money laundering. Not only the countries where crypto currencies are banned, even in the countries where they are legal, governments are still suspicious. Since you cannot track the crypto currency transaction people, money laundering becomes easy.
As far as money laundering is considered, are crypto currencies only to be blamed? What about payment gateways like PayPal, Payeer, Perfect Money, etc.? Don’t you think these sites are also used for money laundering?
I am asking this question because once there was a payment solution called Payza, which was shut down for the issue of money laundering. The owners are still facing the lawsuit.
Payza operated just like PayPal and was available in the countries where Paypal was not available, for example, Pakistan, Bangladesh, etc. You could even fund your account with bitcoin.
Has anyone heard of Payza?