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Why would they use a public, transparent ledger to launder money?
by douglaswlance 4y ago
Why would they use a public, transparent ledger to launder money?
- lumost 4y agoLower counterparty risk, and harder to confiscate. Money can sit in a crypto wallet and be used for illicit transactions until favorable circumstances allow conversion out of btc. You can’t do that with cash in a bank. With the amount of shady alt coins and defunct btc exchanges separating authentic vs bogus transactions is even tougher for regulators.