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Much easier, maybe? But also much easier to track. And at least to some larger degree banks follow KYC.
by infecto 3y ago
Much easier, maybe? But also much easier to track. And at least to some larger degree banks follow KYC.
- bordercases 3y ago> But also much easier to track Why is this true?
- infecto 3y agoBanks in the US must follow kyc and other forms of reporting.
- suoduandao3 3y ago*Much easier to stop, much harder to track. A bank doesn't have a publicly auditable ledger the way crypto does, it can only be traced with the assent of the bank and their policies vary. The distinction matters.
- infecto 3y agoYes because we see so much value from a public auditable log. It’s much easier to send crypto to a mixer and conceal origin/destination and much easier for the average Joe to do it.
- omarfarooq 3y agoThe very origin of funds being from a mixer taints it.