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By definition if you obtain any monetary benefit from a criminal act then it is Money Laundering. It encompasses a lot of different possible activities. Tax eva
by adaml_623 13y ago
By definition if you obtain any monetary benefit from a criminal act then it is Money Laundering. It encompasses a lot of different possible activities. Tax evasion is a crime but if you take that money and transfer it to an overseas account then that is money laundering.
(posted this same comment in the other HN comment thread about this story)
- IgorPartola 13y agoHold on. Isn't BTC property, not money? By that logic this is like stealing corn, making candy corn, then selling it. Still illegal, but not money laundering.
- bjitty 13y agoThis didn't happen in the US. Although maybe the Dutch government has declared it property as well. I'm not sure.
- the_mitsuhiko 13y agoOnly as far as the IRS i considered.