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This is probably easier than "normal" money laundering due to the traceability of BTC. But it flounders on the usual problems of money laundering (for example
by lifeisstillgood 6y ago
This is probably easier than "normal" money laundering due to the traceability of BTC. But it flounders on the usual problems of money laundering (for example the biggest money laundering locations globally are London and NYC.)
We can solve money laundering but it needs political will - write your congressman!
- yjftsjthsd-h 6y ago> We can solve money laundering but it needs political will - write your congressman! Is this one of those things that's completely trivial as long as you're willing to completely throw privacy out the window and make life more difficult for completely legitimate transactions, or is it really "just" political will?
- avianlyric 6y agoPolitical will is a big part of it. No one wants to say it, but money laundering is very profitable for all parties involved. Additionally a big chunk of that money will be bribed to and from very powerful people, who don’t want to see that flow reduced. There’s been plenty of examples of politicians deliberately hampering corruption and fraud investigations because they might embarrass the current government. Semi-recent good example is Theresa May hampering the serious fraud office in the U.K. [1]. Lots of this work can be don’t in a privacy sensitive manner, and without impacting legitimate transactions, but that would require the political will to do more than just pay lip service to the problem. [1] https://www.independent.co.uk/voices/serious-fraud-office-national-crime-agency-theresa-may-government-control-corruption-a7791696.html https://www.independent.co.uk/voices/serious-fraud-office-na...