3 ms·
Considering how much money laundering real estate gets used for right now this is the last place I'd like to see crypto get involved. We already have a legion
by munk-a 5y ago
Considering how much money laundering real estate gets used for right now this is the last place I'd like to see crypto get involved. We already have a legion of issues with even legitimate money being stashed in real estate here (in Canada) and down there (the US) to get it out of reach of the Chinese government. I don't think we need to do anything to ease this process at all.
- PragmaticPulp 5y agoPaying by crypto won't short-circuit any of the laws and regulations around transferring money. Most of the time, these companies are simply partnering with external firms to process crypto payments, but they're actually taking cash. They'll probably charge you a fee, too, which means no one will actually use it. These headlines are the equivalent of a company announcing that they'll take debit cards or credit cards as a payment method. They don't actually care how the money arrives, as long as it arrives in their bank accounts.