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I think people tried this and called it Liberty Reserve and went to prison for 20 years.
by anonymoushn 5y ago
I think people tried this and called it Liberty Reserve and went to prison for 20 years.
- literallyaduck 5y agoFrom what I can tell they were laundering money, something harder to do with public transactions. Operating a financial institution with permits, and identification of participants might not draw the ire of the US government. With the transparency and lack of anonymity I would imagine the usefulness to criminals would be minimal.