Re:EU plans to make Bitcoin transfers more traceable
by cromka on Wednesday July 21, 2021 @03:58AM
(#27903581)
> Everyone knows where the real money laundering and terrorist financing happens.
> It is done by the likes of HSBC, Standard Chartered and other big banks.
> This is public knowledge, as we have seen with the Panama papers and most recently the FinCen files.
No. This is an observational bias. All we know is that they do that. But the fact that they do that, too, does not logically imply that resorting to them is the only way of money laundering and that BTC is not used for that a) at all b) at a much larger scale.
> It is done by the likes of HSBC, Standard Chartered and other big banks.
> This is public knowledge, as we have seen with the Panama papers and most recently the FinCen files.
No. This is an observational bias. All we know is that they do that. But the fact that they do that, too, does not logically imply that resorting to them is the only way of money laundering and that BTC is not used for that a) at all b) at a much larger scale.