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Depends if you obtained your funds legally or illegally? With former you are betting against Chinese economy with latter you are looking to leave less traces of
by mkwldbttr 9y ago
Depends if you obtained your funds legally or illegally? With former you are betting against Chinese economy with latter you are looking to leave less traces of activities that got you those funds.
- mirimir 9y agoThat's not such a strong distinction, I think. I mean, "legally" and "illegally" are defined by the State. And there's plenty opportunity for selective/surprise enforcement.
- tehwebguy 9y agoYeah but that's what laundering is. Making money that would be designated dirty by the state look clean. This is more of just hiding it outright, I think?
- mirimir 9y agoWell, domestic capital leaving China is largely illegal. So circumventing laws through Bitcoin is arguably money laundering. And indeed, US laws against money laundering apply regardless of the source.
- aianus 9y ago> Well, domestic capital leaving China is largely illegal Says whom? I imagine anyone who got rich legally in China would also try to get the capital out and diversify in more developed countries.
- deleted 9y ago[deleted]
- mirimir 9y agoI meant that there aren't many legal ways to get it out.
- pertymcpert 9y agoWhat? They're completely different things.
- mirimir 9y agoIn many places, it all depends on who you are, and who you know.