Bitcoin-Rigging Criminal Probe Focused on Tie to Tether

Re:Bitcoin-Rigging Criminal Probe Focused on Tie to Tether by calciphus on Tuesday November 20, 2018 @12:42PM (#18495757)

In fairness, if I set up a bank which, by accident or by design, made it exceedingly easy to launder millions in cash relatively quickly, you can bet the DOJ would have a problem with that.

Transporting millions in cash is risky (either you trust the courier with that and risk their life, or you do it yourself and risk yours), and doing so internationally is extremely challenging and/or expensive. By contrast, doing it digitally is quite easy and fast.

It feels a bit disingenuous to insist the two are the same.

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Re:Bitcoin-Rigging Criminal Probe Focused on Tie to Tether by stef25 on Tuesday November 20, 2018 @01:56PM (#18496581)

HSBC cooperated with cartels to launder money, apparently they even opened special counters for them to deposit cash at.

https://en.m.wikipedia.org/wiki/HSBC_Mexico#Money_laundering

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Re:Bitcoin-Rigging Criminal Probe Focused on Tie to Tether by adrr on Tuesday November 20, 2018 @02:26PM (#18496848)

Public companies tend not to get punished because it ultimately punishes the shareholders. Chickenshit club book talks about all the reasons why the DOJ doesn't go after the big public companies with criminal prosecution.

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Re:Bitcoin-Rigging Criminal Probe Focused on Tie to Tether by A2017U1 on Tuesday November 20, 2018 @06:24PM (#18498825)

When was the last time a banker was put in jail for money laundering?

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