If you think that Bitcoin and other cryptos offer a way to move money around without leaving an audit trail, THIS ARTICLE, posted last month in Leap Rate, says you could be in for a rude awakening.
Here’s a quote from the article –
“… banks and government have already created a slew of fintech forensic tools, which can track crypto transactions as easily as a trail of breadcrumbs.”
Anybody who would think it’s untraceable is fooling themselves.
It’s similar to people who are shocked when they find out the complete access all these apps have to their information.
Nothing is free. Users are going to pay for it with something, somehow.
KC
Hmm. I guess people who have money to hide are better off going back to more traditional methods of… offshore banking. What exactly did the Panama Papers to do those people who weren’t “PIP” (politically interesting person in this case and not point in percentage 
)
The Panama Papers investigation clearly focused on the biggest names, and the biggest offshore stashes of money. The biggest names are, almost by definition, the politically interesting persons you refer to . And in most cases, the biggest offshore stashes of money belong to those very same politically interesting persons.
Some of those high-profile people are being prosecuted – but, in cases as complicated as these Panama Papers cases, the wheels of justice (if this really is justice) grind slowly. Really S-L-O-W-L-Y. I have read that the first U.S. court case resulting from the Panama Papers investigation is just now (this fall) set to begin.
As for people who weren’t “politically interesting”, whatever happens to them will probably go unnoticed by the public at large. There isn’t much news value in a story about a retired widow in Kansas getting slapped on the wrist for “hiding” twenty-thousand dollars in an offshore account somewhere in the Caribbean.
If you’re attracted to lists, here’s a (partial) list of people exposed in the Panama Papers investigation –
Note the ICIJ’s disclaimer.
To segue back to your original question, this is (for the most part) a list of “politically interesting persons”.
I’m halfway through reading the English translated version of Panama Papers. Fascinating read that gives you a glimpse of what it’s like for people to want to keep so much money. That and how huge of a network it takes for it to let something like this happen.
In other news though, what perfect timing coming across this article:
As more crypto users grew aware that Bitcoin isn’t so private, some switched to alternative currencies that claimed to offer anonymity—most prominently Zcash, Monero, and Dash. These three networks use different privacy-enhancing technologies, but in each case, researchers have shown that it’s possible to de-anonymize users.
Tax services will be really after them if they do plan to do something like that for example. I do not understand what do you mean by that matter. I play only in some size of my left money in crypto and that’s really it. I hope you do matter here.