Re:Bitcoin Halving Just Occured
by colechristensen on Monday May 11, 2020 @05:17PM
(#23147185)
Which in most cases wouldn't be legal locally, which fits under money laundering. Morality might be a little more indeterminate depending on the situation.
[ Parent
| on HN ]
It's only money laundering if you're using cryptocurrency to get out of paying taxes or to hide criminal activity. It's not money laundering to buy something instead of keeping your money in a currency undergoing inflation.
Re:Bitcoin Halving Just Occured
by colechristensen on Monday May 11, 2020 @07:15PM
(#23148446)
Money laundering is attempting to hide the source or destination of funds. Hyperinflation states will usually have strict currency controls in place and Bitcoin is useful in that situation to get around those controls, the whole idea being... its usefulness in hiding the flow of funds.