Will banks investigate bitcoin purchases at some point?

I would assume with a heavy amount of money like $500 going into coinbase, or multiple purchases adding up in money, a bank would like to at least see where the money is going towards. Considering it's never coming back out, I see how it could be a problem. Is it actually something to worry about though if there is no current investigation for a darknet user?


Comments


[8 Points] None:

$500 is a heavy amount of money? Looks like I'm fucked good and proper then lol.


[3 Points] plurblur:

Courts have ruled using bitcoin to conceal illegal activity is money laundering.

I think once the DPR case is settled LE will start getting more aggressive. And its possible they put pressure on banks to report suspicious activity.


[2 Points] None:

All they know is that it went into coinbase.. That's it


[2 Points] moneyisking1:

I have the same question. Will banks get suspicious if thousands in cash is being deposited and transferred to bitcoins? I mean, is around 5k cash being deposited monthly safe?


[2 Points] Dunavo:

After a certain amount? Guaranteed.


[-2 Points] Online_Host:

If BTC gets regulated - your BTC will lose a lot of value, REAL QUICK.