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I can think of one good reason why the government wouldn't want to do that - because it's the people running the government who are using it to transfer public

by wisty 13y ago

I can think of one good reason why the government wouldn't want to do that - because it's the people running the government who are using it to transfer public money to their overseas bank accounts. Obviously not all of them (there's more common methods, and not all of them are on the take), but enough to make it a bad idea to go fishing for money launderers. They don't want to catch anyone unless they already know who they are going to catch. I suspect this is also a factor in why it is taking them so long to unify their land ownership databases.

jackgavigan 13y ago
> ..it's the people running the government who are using it to transfer public money to their overseas bank accounts. I really doubt that. People "running the government" are far more likely to use pseudo-legitimate methods of transferring their wealth overseas (i.e. methods that are not available to anyone who doesn't inhabit the corridors of power) than Bitcoin. No, the people transferring wealth via Bitcoin will be in the emerging middle class demographic, not the the ruling class. Besides, if someone with political clout were to be identified as a Bitcoin launderer, it's likely that the evidence would simply be "lost". It's far more likely that the authorities would selectively prosecute those who they wished to imprison for other reasons.