4 ms·

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 report

• 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.