On a first look money laundering by itself doesn't seem to hurt anyone very much except for the state. But of course it is used as a vehicle. Those putting in the effort needed to go through a money laundering process, you may ask yourself: why are they doing all this? My guess is that human trafficking and other terrible stuff is realized with this, so I think there is a point making it difficult - up to the point of "blocking innovation" - when it comes to opening a market place.

> This is one of the reasons I'm a big fan of cryptocurrency.

> Your service would not have been shut down by the payment

> processor if you were able to handle the money yourself

> without relying on a third party.

Yeah but this is also the ethical problem of cryptocurrency. Most people agree that money by itself has something bad attached to it, at some level it encourages people to do evil stuff. If you now look at cryptocurrencies, this is even worse! We complain that most major banks partake in speculation with food. But we completely ignore that with these currencies far worse stuff is possible without going through the process of money laundering, the state is completely not involved.

This is a crazy double-standard if you consider that many hackers consider themselves having a much higher ethics than any other business person.