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What exactly are they supposed to be lying about? I do not understand what you are getting at. Do you not believe that governments want to monitor financial tr
by tiedieconderoga 3y ago
What exactly are they supposed to be lying about? I do not understand what you are getting at.
Do you not believe that governments want to monitor financial transactions and flag suspicious ones for further investigation? Or do you believe they are not already doing this with other types of electronic financial transactions?
And where does cash come into the equation? Sure it's legal and "untraceable", but it's not like you can use a suitcase full of $X00,000 in unreported cash to buy a new house, car, business, etc without raising all kinds of questions from your local revenue agency.
- rad_gruchalski 3y agoWell, you can buy a MEP. For example Eva Kaili. Best known for the work on CRA :) https://www.euronews.com/2022/12/12/eu-parliament-vice-president-eva-kaili-in-custody-for-alleged-bags-of-cash-from-qatar https://www.euronews.com/2022/12/12/eu-parliament-vice-presi...
- wen_1k_btc 3y agoPlease use the example of me spending $1 of cash to buy a bottle of water off of a street vendor. Can the government or regulatory body trace this transaction or block it? They can't? Then the premise is invalid. They're trying to apply the same false premise to crypto.
- acdha 3y agoThat doesn’t make any sense – 1€ transactions aren’t blocked because they’re small, just like the text of this rule excludes. If you try to bring 10,000€ in a suitcase to a bank, I’m sure that’d attract just as much attention as your bitcoin would.