Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Well, on "normal" bank accounts you would be hit by international policies and cover-ups, while on public ledgers, the only barrier is the tech.


You think someone who is sophisticated enough to hide money in the international banking system isn't sophisticated enough to hide it in bitcoin?

Congratulations, you tracked the transaction to a shell company and have no jurisdiction to unwind who the cash withdrawal went to? Ignoring the coin washing services referenced in the story.


Someone who is sophisticated enough to hide money in international banking system won't care about bitcoin.

There is enough bad guys that are not sophisticated enough and are thinking that bitcoin will do all hard work of hiding it for them.

Obviously they are wrong.


Precisely! This is the reason why "crypto is good for money laundering" falls apart, IMHO.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: