Jump to content

Claim that some types of Altcoin *are* money laundering?

TechyBen
6 hours ago, Sauron said:

That is NOT what he said. He's saying that, if cryptos were classified as normal money, by law monero would be equivalent to money laundering. Please listen to what the guy is saying before putting words in his mouth.

He also said not to ask for it to be classed as normal money. However, as they can be traded for actual goods/money, at that point they become legal/illegal. He said the exchanges specifically run the risk of breaking the law.

 

Or was that not so?

Link to comment
Share on other sites

Link to post
Share on other sites

7 hours ago, paddy-stone said:

OK, one thing... I never said you launder cash with cash... I said

 

So yes, you take your cash to a drug dealer or criminal enterprize you favour, then they launder that cash through shell companies... so laundering cash.

this got all mixed up. 

 

13 hours ago, DrMacintosh said:

Crypto is a haven for Money Laundering. I wonder how much gets laundered every day. 

he said crypto is a haven for money laundering than in a different paragraph he said he'd wonder how much gets laundered, but he didn't say it was crypto that was laundered, i guess he means cash, at least that's how i see it

 

then you answered 

 

13 hours ago, paddy-stone said:

Bet you it's a hell of a lot less than cash.

what is a lot less then cash? see my point?

.

Link to comment
Share on other sites

Link to post
Share on other sites

7 hours ago, asus killer said:

this got all mixed up. 

 

he said crypto is a haven for money laundering than in a different paragraph he said he'd wonder how much gets laundered, but he didn't say it was crypto that was laundered, i guess he means cash, at least that's how i see it

 

then you answered 

 

what is a lot less then cash? see my point?

No, not really, as it's presuming that I read all the other comments, when all I did was respond to that one statement. I can see from your point of view, but still from my point in the conversation mine made more sense.

Please quote my post, or put @paddy-stone if you want me to respond to you.

Spoiler
  • PCs:- 
  • Main PC build  https://uk.pcpartpicker.com/list/2K6Q7X
  • ASUS x53e  - i7 2670QM / Sony BD writer x8 / Win 10, Elemetary OS, Ubuntu/ Samsung 830 SSD
  • Lenovo G50 - 8Gb RAM - Samsung 860 Evo 250GB SSD - DVD writer
  •  
  • Displays:-
  • Philips 55 OLED 754 model
  • Panasonic 55" 4k TV
  • LG 29" Ultrawide
  • Philips 24" 1080p monitor as backup
  •  
  • Storage/NAS/Servers:-
  • ESXI/test build  https://uk.pcpartpicker.com/list/4wyR9G
  • Main Server https://uk.pcpartpicker.com/list/3Qftyk
  • Backup server - HP Proliant Gen 8 4 bay NAS running FreeNAS ZFS striped 3x3TiB WD reds
  • HP ProLiant G6 Server SE316M1 Twin Hex Core Intel Xeon E5645 2.40GHz 48GB RAM
  •  
  • Gaming/Tablets etc:-
  • Xbox One S 500GB + 2TB HDD
  • PS4
  • Nvidia Shield TV
  • Xiaomi/Pocafone F2 pro 8GB/256GB
  • Xiaomi Redmi Note 4

 

  • Unused Hardware currently :-
  • 4670K MSI mobo 16GB ram
  • i7 6700K  b250 mobo
  • Zotac GTX 1060 6GB Amp! edition
  • Zotac GTX 1050 mini

 

 

Link to comment
Share on other sites

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×