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A comment on The rise of crypto laundries: how criminals cash out of Bitcoin. Parent comment

Re:The rise of crypto laundries: how criminals cash out of B... by kd913 on Friday May 28, 2021 @08:43AM (#27314707)
Data can be stored, transparent but open for legitimate purposes. I don't think it's a good idea to go to the other extreme for complete anonymity in a case like this whether the consequences result in massive criminal activities.

E.G. I trust my medical data to my doctor with some reasonable confidence they are using it responsibly.

Same thing here, I can trust my financial institutions with my data, but I want it to be open to authorities to look for criminal activity. I would ideally like that data to be placed under some legislation a la the GDPR to ensure it's used responsibly.

To be clear, I would much rather my data be sold to some advertisers than for corruption/criminal activity to exist.

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Re:The rise of crypto laundries: how criminals cash out of B... by psychlops on Friday May 28, 2021 @10:38AM (#27315843)
I prefer the innocent until proven guilty model.
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Re:The rise of crypto laundries: how criminals cash out of B... by NateEag on Friday May 28, 2021 @01:16PM (#27318049)
In the US legal system, that refers to whether you can be punished for a crime, not investigated for one.
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Re:The rise of crypto laundries: how criminals cash out of B... by psychlops on Friday May 28, 2021 @05:51PM (#27320964)
An investigation that would require a warrant. My point being that all activities should not be considered criminal by default thereby available for perusal without a legally provided reason. And only then if very narrow in scope.
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Re:The rise of crypto laundries: how criminals cash out of B... by NateEag on Friday May 28, 2021 @08:57PM (#27322218)
The OP didn't say he wanted all financial activities to be considered criminal - just available for investigation.

I get that's not what you want, but it is what OP wants and I can see why.

All part of the eternal struggle between individual freedom and societal good.

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