3 ms·

Money laundering is illegal, not necessarily selling BTC on the silk road.

• muyuu 13y ago
  From all the reports I've seen, they seem to be equating the selling of BTC with money laundering. No other activity related to money laundering is being reported.
  • dragonwriter 13y ago
    > From all the reports I've seen, they seem to be equating the selling of BTC with money laundering. You've seen poor reports, then; specifically, you haven't seen either the actual Justice department press release or the criminal complain, both of which have been both linked and excerpted in this thread. > No other activity related to money laundering is being reported. Actually, the money laundering activity being reported is the official of the exchange responsible for AML compliance advising a user who -- by that officials own description -- he had reason to suspect was engaging in criminal activity on how to structure transactions to avoid anti-money-laundering flagging, and that user actually so structuring transactions. Selling bitcoins wasn't money laundering -- it was the basis of the separate charge of operating an unlicensed money transmission business.