Nowadays, bitcoin has created a boom in digital marketing. Bitcoin is decentralized cryptocurrency traded over different exchanges like Gemini, Blockchain, Binance and so on.
Money Laundering criminals have turned their table over different platforms to grab cost-effective benefits. As per the latest news, exchange holding a new trend of illegitimate and fruitful exchange of securities from bitcoin to fiat money. According to different forums and researchers, cybercriminals are offering attractive deals to the buyers by manipulating cash for the fee of bitcoin by 10% to 12% of the value. In order to resolve such issues, Exchange provided a nu mber to keep a check over it i.e. Blockchain Online Number.
- Initiated steps for laundering bitcoin for cash:
The scammers are offering illegal cash just for the 10 to 12 percent on the dollars for buyers providing prepaid fees of bitcoin. They are offering like $10,000 cash in exchange for $800 bitcoins through turnkey services. Normally, the moment buyer transfers their digital currency, they get their banking details logged with the dealer and money get transferred to their registered bank account.
They have provided simplified procedures through their turnkey services. The buyers are rewarded with high-end profits on their unlawful purchases and minimizing the threat of logging into the legal account or need of money mules for it. These scammers act under repudiated banks by opening current accounts since it minimizing the risk of fraud underlining or confronting heavy volume transactions under the compliances. It is quite beneficial to those who are dealing with fraud funds since they do not show any possession merely just transfer it. Therefore, buyers are directly liable for it.
“Government stated that they do not promote any laundering of funds through Crypto exchange and any illicit transactions are merely forbidden.”
Hence, Exchange is conscious about the security of exchange as well as the resources of users, so Blockchain campaign for a helpline number to resolve queries or complaints related to money laundering. Dial any time over Blockchain Customer Service Number +1-805-262-7025 for such mishandling.