Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc...
by notyourday on Monday April 12, 2021 @02:10PM
(#26782918)
> Wait until you hear about cash.
Cash is extremely difficult to use in criminal enterprises, especially with the USD. Large amounts of cash are bulky due to $100 being the largest note. Massive amounts of cash is difficult to convert to/from other forms of assets due to CTR, SARs and fed surveillance.
Cash as a vehicle for facilitating criminal activity by now is largely fiction. Even diamonds are easier than cash.
Cash is extremely difficult to use in criminal enterprises, especially with the USD. Large amounts of cash are bulky due to $100 being the largest note. Massive amounts of cash is difficult to convert to/from other forms of assets due to CTR, SARs and fed surveillance.
Cash as a vehicle for facilitating criminal activity by now is largely fiction. Even diamonds are easier than cash.