The rise of crypto laundries: how criminals cash out of Bitcoin

Re:The rise of crypto laundries: how criminals cash out of B... by auntienomen on Friday May 28, 2021 @08:03AM (#27314357)

If you don't interfere with money laundering, the criminals eventually acquire enormous wealth, and with it power. They eventually acquire enough power to take over the government. At that point, you're at their mercy, and theorizing about privacy laws becomes a bit pointless.

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Re:The rise of crypto laundries: how criminals cash out of B... by crispyambulance on Friday May 28, 2021 @10:54AM (#27316056)

> eventually acquire enough power to take over the government

I wonder, recalling the Panama Papers incident, if this has effectively happened already!

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Re:The rise of crypto laundries: how criminals cash out of B... by rusabd on Friday May 28, 2021 @10:52AM (#27316036)

So you are saying that before money laundering laws those criminals took over the government. It is almost like said criminals just don't want any competition now

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Re:The rise of crypto laundries: how criminals cash out of B... by auntienomen on Friday May 28, 2021 @07:32PM (#27321731)

Money laundering laws emerged after criminals started getting organized about managing their wealth. Before Prohibition and Meyer Lansky, they were all small timers.

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Re:The rise of crypto laundries: how criminals cash out of B... by jb775 on Friday May 28, 2021 @11:52AM (#27316902)

This has already happened.

They typically launder money via "foundations" or "charities". They acquire power by purchasing media companies. They use the media companies to control public narratives to shift the Overton window of public policies. They also use it to manipulate the truth as it suits them[1]. Their target population for controlling thought narratives are yuppies and the lower classes.

[1] https://mobile.twitter.com/DrewHolden360/status/139733532441...

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