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As the article states, Western Union is used frequently for transactions with assets that may have been gained through illegal activity (as judged per various g
by raintrees 7y ago
As the article states, Western Union is used frequently for transactions with assets that may have been gained through illegal activity (as judged per various government measurements/perspective).
And the USD is likely the greatest instrument by volume of the same types of transactions.
The transaction business will continue, as humans continue to trade for benefit. The cat and mouse game seems mostly about "authorities" overseeing and/or obtaining their share.
Again, an opportunity for p2p distributed, anonymous, and encrypted technology to allow humans to continue to trade that which they value.
Currency/money is based on trust/faith, so that would be the logical focal point.
Hypothetically, such development work would likely need to be conducted in jurisdictions that owe no allegiance to those authorities that do not wish for it to occur. Flavors of Cryptonomicon...
Fascinating.