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You're only covering laundering bitcoin into USD. There are money other avenues like buying sanctioned stuff with crypto direct. Convert blood euros to monero a
by throwaway290 4y ago
You're only covering laundering bitcoin into USD. There are money other avenues like buying sanctioned stuff with crypto direct. Convert blood euros to monero and go.
> all crypto exchanges that are allowed to interact with US banks must establish the identity of their customers same as a regular bank
And that is good of course that some countries do it, doesn't prevent all scenarios but it makes some difficult.
> P2P trades. Their volume can be estimated
How exactly do you measure what is what on crypto with mixers and anonymous currencies?
> a small amount (less than $100B) money laundering happens via crypto.
You mean via Bitcoin? You know there are other coins.
- subsistence234 4y agothe conversion (between crypto and fiat) is the problem. you can't convert more than a couple hundred euros without KYC. >How exactly do you measure what is what on crypto with mixers and anonymous currencies? you add up all the transactions on the blockchain and subtract all the transactions connected to wallets of centralized exchanges. >you mean via Bitcoin? You know there are other coins. "god of the gaps." tl;dr: you originally claimed there is nothing we can know (and that therefore we should assume without evidence that money laundering via crypto is a huge problem). but there are a few things we can know.
- throwaway290 4y ago> subtract all the transactions connected to wallets of centralized exchanges. How do you figure which transactions are connected to wallets of centralized exchange with mixers and anonymous currencies? > UN Does UN have a crypto savvy anti laundering force to produce accurate estimates or they just pull numbers out of their backside?