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Let me introduce you to the wonderful world of Hawala: https://en.wikipedia.org/wiki/Hawala https://en.wikipedia.org/wiki/Hawala The idea that cash can't be la

• throwastrike 6y ago
  I am not contesting that cash isn’t laundered. I am simply pointing out that whenever someone brings up crypto being utilized for money laundering the first argument is almost always “well cash is also used for money laundering” which is pretty weak. If you knew what people can do to launder money in shitcoins and bitcoins you would not make that argument. There’s a reason why Macau is no longer needed to get money out of China. And there’s a reason why gold is no longer used to move drug cartel money in the past two years.
  • puranjay 6y ago
    > There’s a reason why Macau is no longer needed to get money out of China Why would letting people circumvent the laws of an oppressive state to move their assets to safer havens be a bad thing? If anything, this describes a bull case for Bitcoin - "use BTC to bypass your oppressive government!" Unless we are pro oppressive governments here (which, by the comments, seems like a lot of people here are)...