5 ms·
Negative. The layering stage of ML does indeed lead to "cleaning" funds, but Gittip isn't doing that. ML means giving money a clean-slate with virtually no hist
by noeltock 14y ago
Negative. The layering stage of ML does indeed lead to "cleaning" funds, but Gittip isn't doing that. ML means giving money a clean-slate with virtually no history. Everything from casinos, offshore entities, to wiring funds through FATF blacklisted countries will be closer to what ML actually is.
- whit537 14y agoRight. https://en.wikipedia.org/wiki/Money_laundering https://en.wikipedia.org/wiki/Money_laundering I changed the blog post and GitHub issue to not refer to money laundering anymore.