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Um, unless you have some really strong evidence to the contrary, I'm going to continue believing that the biggest use of Bitcoin ATMs is to buy cryptocurrency t
by Hizonner 1y ago
Um, unless you have some really strong evidence to the contrary, I'm going to continue believing that the biggest use of Bitcoin ATMs is to buy cryptocurrency that's then used to buy drugs. That may not be legitimate, but it is neither money laundering nor fraud. Words have meanings.
- ajross 1y agoI don't think that's correct at all. AML statutes are extremely broadly constructed precisely to avoid this kind of "akshually" defense. Exchanging currency for the purpose of evading detection of an illegal transaction is 100% laundering under the standard interpretation of those laws.
- Hizonner 1y agoStatutes often redefine words in common use. Those definitions aren't interesting when you're outside of a courtroom.
- ajross 1y agoYour point is that I'm right as a matter of criminal law but that you're not wrong because you have another definition for "money laundering" in your head? Well, OK. Agree to disagree, I guess.
- salawat 1y agoThe only context where the definition can irrevocably alter the trajectory of your life is in that courtroom. I'd argue that is the more important and interesting one that counts.