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To spend coins on yourself you must have received them first under some identity, so it does not ease money laundering. It could eventually ease money launderi
by bdauvergne 6y ago
To spend coins on yourself you must have received them first under some identity, so it does not ease money laundering.
It could eventually ease money laundering between countries where laws are different. For example, sell drugs from Netherland, receive Taller coins, buy virtual things from your company in France to move it there. But in fact you can already do that, buy a coffee shop in Amsterdam, and transfer your income after taxes to your bank account in France. Great your are a drug baron living from France now.
What it will prevent is for a country to block their citizen from buying something illegal from another where it is legal, as it is done with card payment and drugs bought online.
- rebuilder 6y agoIsn't the point of money laundering to obfuscate the identity of the original recipient of funds? Don't get me wrong, I'm not sure Taler would make things harder for regulators and law enforcement. KYC requirements apply even if the payment method itself is anonymous. But I'd think that given the opportunity, governments would like to have better oversight of financial transactions.
- pessimizer 6y agoThe point of money laundering is to conceal the source of funds. The way you conceal the source of funds is by creating fake receipts. Without receipts, a bunch of Thaler showing up for no reason is no different than a bunch of dollars showing up for no reason. You may be suspected of being a criminal.