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>>Laundering money at scale is actually a pretty big nuisance A nuisance but not one that will stop criminal enterprises which tend to have extremely high prof
by CryptoPunk 7y ago
>>Laundering money at scale is actually a pretty big nuisance
A nuisance but not one that will stop criminal enterprises which tend to have extremely high profit margins.
Society gives up a lot freedom in the quest to stop illicit cash from circulating. It necessarily requires making all financial transactions subject to formulaic 'suspicious transaction' reporting requirements, which is a form of warrantless mass-surveillance.