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[–] 24 points 1 year ago (9 children)

I'm not a fan of participating in money laundering schemes

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  • [–] 10 points 1 year ago (7 children)

    Just saying that, by far, the most common ways to launder money have nothing to do with btc. It can be taken advantage of by criminals just like usd or any currency. Go to a casino, exchange usd for chips, cash out chips...laundered. Apparently it's very easy no matter what currency you want to use so not liking btc is fine but it can't be because is laundering.

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  • [–] 9 points 1 year ago (1 child)

    “While casinos and junkets have for years served as vehicles for regional underground banking and money laundering, the proliferation of ... underregulated cryptocurrency exchanges has changed the game, allowing for faster anonymized movement of funds"

    From a 2024 UN report on money-laundering in casinos in South East Asia

    Money laundering with casinos and with crypto aren't necessarily separate issues, particularly with the rise of online and digital gambling.

    Casinos can be and often are fined if regulators suspect money laundering - the majority have systems in place to crack down on it. Crypto is part of this arms race between casinos and criminals.

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  • [–] 0 points 1 year ago

    Yes, crypto is rising to the level of corruption of the usd but isn't there yet. One big difference, you can print more usd(and do all the time at a heafty rate). You can't print more btc. Ever.

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  • [–] -1 points 1 year ago (3 children)

    To be fair, USD is used for things that aren't crimes as well. Bitcoin has no utilities other than crime and speculation

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  • [–] 1 point 1 year ago (2 children)

    So email hosting, VPN, domain names, supporting content creators, buying PC parts -- are these crimes?

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