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> Well the difference is that banks are highly regulated ... probably why there is so many instances of banks getting caught laundering money for criminal orga
by spinny 4y ago
> Well the difference is that banks are highly regulated ...
probably why there is so many instances of banks getting caught laundering money for criminal organizations by the billions
> They are heavily audited and have strict rules about speculation.
you can audit blockchains. you can't audit a bank's database and have to way for the next panama papers leak
- jboy55 4y agoCome on, what percentage of banking activity is money laundering, and what percentage of NFTs sold is money laundering? I think there is an order of magnitude, order of magnitude difference.
- spinny 4y agothat is the wrong comparison IMHO. if you are talking about money laundering using NFT's as in pics of cartoon monkeys (an NFT is just a digital deed, the monkey pic is actually an extension), you should be comparing them to money laundering using art.