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The main takeaway I see from all of this is how terrible the banks and authorities are at stopping financial crime, even with methods that are so easily traceab
by nivenkos 5y ago
The main takeaway I see from all of this is how terrible the banks and authorities are at stopping financial crime, even with methods that are so easily traceable and reversible. They can see the transactions and identify the money mules, but law enforcement doesn't take it seriously.
If cryptocurrency-fiat exchanges were banned, alongside better enforcement and monitoring of wire transfers, and more restrictions on giftcard sales - you can basically remove the ability to transfer the illicit funds internationally and remove the incentive for scamming to begin with.
The same goes for following up on domain name registration details, and phone number assignment, to make it impossible to hide behind pseudo-anonymity. I remember a while back there were a load of scam Nintendo Switch sale sites, literally just opening as many as they could to gather credit card details before being shut down. Stuff like that should be tracked down and prosecuted.
- mszcz 5y ago> If cryptocurrency-fiat exchanges were banned I'm pretty sure scamming predates cryptocurrencies.
- klausjensen 5y ago"If only we take away people's freedom to buy giftcards or trade crypto, it will make it slightly more difficult to be a criminal." Too many people are so triggerhappy to take away legitimate use of some things, because "crime/terror".
- Apocryphon 5y agoSure, it’s a dilemma that has existed in society since the first ever victim was wronged and plotted retribution.
- BoxOfRain 5y ago>If cryptocurrency-fiat exchanges were banned The ethics of taking this freedom out of the hands of legitimate users aside, wouldn't this would just immediately lead to a black market for cryptocurrencies the same way countries with currency controls have black markets for foreign currency? The government can't even keep items as easily identified as drugs out of tightly-controlled environments like prisons, how does it expect to keep cryptocurrency out of the hands of the people? We don't need more restrictions and more bureaucracy, we need our governments to get their arse in gear and use the existing tools they have to tackle scammers and other criminals rather than their usual "remove more freedoms with a knee-jerk 'we're doing something' for the press, then do the square root of sod all to actually address the problem at hand".
- shadilay 5y agoI think all international payment schemes need to be insured against fraud. High insurance costs would force 3rd world countries to crack down on criminals within their borders.