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A comment on Where Pot Entrepreneurs Go When the Banks Say No. Parent comment

Re:Where Pot Entrepreneurs Go When the Banks Say No by bufferoverflow on Friday January 05, 2018 @05:03AM (#16077683)
No, converting cash to crypto is NOT money laundering.

Money laundering is when you get dirty money and try to convert it into legal clean money.

I'm this case there's no dirty money, it's just banks are scared of the feds, so they refuse to take it.

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Re:Where Pot Entrepreneurs Go When the Banks Say No by vidarh on Friday January 05, 2018 @05:49AM (#16077844)
They're scared of the feds because the money was the result of a violation of federal law. It's dirty money to anyone that has to deal with the feds.
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