Re:Publication of Cryptocurrency Enforcement Framework
by madamelic on Thursday October 08, 2020 @02:20PM
(#24722073)
The idea that 'power players' can avoid prosecution by using cryptocurrency is absolutely untrue.
Once you grow that large, you get a lot of attention and suddenly it is economical to track you down, even if you are using 'untraceable' currency like Monero.
When you are a 'small' player, buying or selling small quantities of cannabis, it isn't worth the time to trace your transactions. The Justice Department is targeting everything, not just big-time criminals.
This seems like a prelude to a burdensome requirement for platforms to make it easier to execute warrants for crimes using cryptocurrency, which will sweep up everyone.
Once you grow that large, you get a lot of attention and suddenly it is economical to track you down, even if you are using 'untraceable' currency like Monero.
When you are a 'small' player, buying or selling small quantities of cannabis, it isn't worth the time to trace your transactions. The Justice Department is targeting everything, not just big-time criminals.
This seems like a prelude to a burdensome requirement for platforms to make it easier to execute warrants for crimes using cryptocurrency, which will sweep up everyone.