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The topic is "laundering BTC into dollars". You're referring to the risk of getting chased down for the "bad deeds" of others after funds are co-mingled. You'r
by caminante 4y ago
The topic is "laundering BTC into dollars".
You're referring to the risk of getting chased down for the "bad deeds" of others after funds are co-mingled. You're not explaining that it's prohibitively risky or not possible.
Further, I'm only aware of tumbling blacklisting [0], where the exchange gets blacklisted for co-mingling known dirty funds. AFAIK, there are still sizable tumbling vectors.
[0] https://www.cnbc.com/2022/08/08/crypto-mixing-service-tornado-cash-blacklisted-by-treasury-department-.html https://www.cnbc.com/2022/08/08/crypto-mixing-service-tornad...
- acdha 4y agoMy point was simply that your options with Bitcoin for converting it into real currency or goods are either easily tracked (mainstream exchange following KYC laws) or push you into riskier activities. As with most things, the odds of getting caught aren’t certain but one somewhat unique risk to most cryptocurrencies is that you have to estimate the risk of retroactive punishment since the ledger is irrevocably public.