Comment by JumpCrisscross
11 hours ago
> There's a conflict between Bitcoin as a public ledger, privacy, and money laundering
There is, to be fair, a legitimate debate to be had about dismantling our anti-money laundering infrastructure.
11 hours ago
> There's a conflict between Bitcoin as a public ledger, privacy, and money laundering
There is, to be fair, a legitimate debate to be had about dismantling our anti-money laundering infrastructure.
No, there really isn't. Money laundering has been a huge problem enabling all sorts of crimes and issues. There is no debate to be had on the benefits of prohibiting it, and you have to be very deep in the Silicon Valley rabbit hole to think even 5% of the population of any nation would support doing away with those rules.
> there really isn't. Money laundering has been a huge problem enabling all sorts of crimes and issues
To be clear, I think there should be limits. I also think a lot of AML is theatrical.
Where it’s not is where large volumes can be moved. Less emphasis on cash. More on offshore accounts, tumblers and high-volume wallets.
Except that money laundering is allowable for some, but not all.
Don't pretend the AML rules are enforced fairly and evenly.