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A comment on Founders and Executives of Cryptocurrency Derivatives Exchange BitMEX Charged. Parent comment

Re:Founders and Executives of Cryptocurrency Derivatives Exc... by LatteLazy on Thursday October 01, 2020 @06:11PM (#24656696)
I think that sort of depends on your opinion of US foreign policy. Anti money laundering laws are basically there to stop people doing things the US doesn't like. So if enforcing them means (say) less terrorist attacks GREAT! But the same laws are used much more frequently to try and enforce drug prohibition. That's meh at best in my opinion. And occasionally you see the US use them to prevent countries like Iran buying medical supplies in a pandemic. That's pretty shitty.

I'd give the US more points for enforcement (which you are correct is strongly pursued) if I thought the laws being enforced were less self serving in the first place...

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Re:Founders and Executives of Cryptocurrency Derivatives Exc... by bb88 on Thursday October 01, 2020 @07:55PM (#24657421)
> But the same laws are used much more frequently to try and enforce drug prohibition.

Drug cartels in the western hemisphere turn out to be pretty violent, to the point where you can think of them as terrorists -- bombings and other mass casualty events.

The other point you make is valid, though.

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Re:Founders and Executives of Cryptocurrency Derivatives Exc... by Reelin on Friday October 02, 2020 @03:28AM (#24659987)
Cartels are only involved due to prohibition. If it were ended, it would be pharmaceutical (ie industrial chemical) companies selling the drugs.

Sigma-Aldrich and Bayer don't seem like terrorist organizations to me. Or perhaps I missed the headline where Pfizer was caught beheading people?

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Re:Founders and Executives of Cryptocurrency Derivatives Exc... by bb88 on Sunday October 04, 2020 @09:57PM (#24683883)
No, companies wouldn't behead people. That's silly. It's way too messy and doesn't scale.

Terrorist companies would be smarter than that. Sell and market a highly addictive, deadly drug, and profit from it making it look like it's all above board.

Then they blame the users for getting hooked on it on the first place after getting the doctors to prescribe it heavily using kickbacks. And thousands upon thousands of people die.

https://www.newyorker.com/news/news-desk/the-sackler-familys...

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Re:Founders and Executives of Cryptocurrency Derivatives Exc... by jliptzin on Thursday October 01, 2020 @08:20PM (#24657565)
I’m sure our victory in the drug war will come any moment now.
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Re:Founders and Executives of Cryptocurrency Derivatives Exc... by nmlnn on Thursday October 01, 2020 @08:54PM (#24657732)
The solution to that is pretty simple.. end drug prohibition.
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