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I actually like that you can go after people financing terrorism or making huge amounts of cash from illegal drugs, gambling, smuggling and the like. Without mo
by bayesian_horse 9y ago
I actually like that you can go after people financing terrorism or making huge amounts of cash from illegal drugs, gambling, smuggling and the like. Without money laundering regulations, and within cryptocurrencies, that would be a lot harder.
People dealing in significant amounts of cryptocurrency will eventually have to be regulated in some way, also.
- jstanley 9y agoYou can go after people laundering money through cryptocurrency, of course. The part I'm protesting (in this thread, at least) is the part where the regulations on banks and payment processors are so onerous that they refuse to work with legitimate businesses.
- megous 9y agoAre there any numbers? How much of a dent to terror financing this does? I doubt it's very much.
- bayesian_horse 9y agoJust imagine if basically anybody could finance terrorism without much fear of being discovered. I doubt very much there would be less terrorism then.