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Much nicer tricks were used to launder money in the past. Isn't it ridiculous where we're at?
by pictur 5y ago
Much nicer tricks were used to launder money in the past. Isn't it ridiculous where we're at?
- missedthecue 5y agoCan you explain to me the mechanics of how purchasing an NFT facilitates money laundering? You'd have to buy $23m of ETH with cash, which isn't as easy as it seems, but then why is the NFT important? Just put the ETH through a tumbler and sell it. Withdraw to a bank account and tell the IRS you made a lucky investment.
- aahortwwy 5y agoNot an expert, but there was a post on HN recently which mentioned an exchange refusing to touch tumbled crypto.