Re:When Bitcoin miners take over a town (2018)
by logifail on Sunday February 21, 2021 @04:02PM
(#26217151)
> laundering the funds into Canada unfortunately does not seem it would be difficult in practice
Is this true only if you're sufficiently under the radar, or does it still hold true no matter how big/famous/wanted a criminal you are?
EDIT: see
https://www.step.org/industry-news/canadian-citizens-challen...
and
https://www.fintrac-canafe.gc.ca/guidance-directives/client-...
??
Re:When Bitcoin miners take over a town (2018)
by retrac on Sunday February 21, 2021 @04:09PM
(#26217210)
Of course some people get caught. (Though some of what I'm describing wouldn't be considered illegal under Canadian law in the first place. You can just buy property with BTC here if you have BTC.) Still, it's a huge problem:
https://www.cbc.ca/news/canada/british-columbia/cullen-commi...
https://globalnews.ca/news/7593419/bc-casinos-too-dangerous-...
Even if you had to do that, laundering the funds into Canada unfortunately does not seem it would be difficult in practice, given the apparent scale of money-laundering associated with the Vancouver housing market. And you do not have to be physically present to acquire property in Canada.