3 ms·
Yeah, I don't mean to endorse them, especially not as-written. Any time you make laws like "it is illegal to circumvent the law" you're inviting exponential am
by Bartweiss 10y ago
Yeah, I don't mean to endorse them, especially not as-written. Any time you make laws like "it is illegal to circumvent the law" you're inviting exponential amounts of red tape. Add that to laws that were already high-burden on small businesses, and it's a recipe for real trouble (made even worse by the fact that a remarkable amount of banking still isn't digital).
I know that the specific case I mentioned has been fairly useful in fighting money laundering and large-scale drug-dealing, though. There's something to be said for making it hard to move large amounts of money through banks without being observed, but as always there's no good way to do that without interfering with legitimate commerce.