Re:Binance kept weak money-laundering checks even as it prom...
by raesene9 on Friday January 21, 2022 @02:11PM
(#30028472)
I would imagine that OPs could be thinking of the recent story (https://www.bbc.co.uk/news/business-59990477) about North Korean stealing $400m of crypto.
It seems reasonable to suggest that groups who want to avoid scrutiny by various authorities would make use of a system which isn't covered well by standard regulators who are under the control of those authorities.
Additionally there are a number of crypto currencies who provide anonymous transactions (e.g. Monero) which is obviously going to attract people who want to move money covertly.
Terrorists would be one example of such groups of people.
Please keep such low-effort hyperbole off HN. It's just so unnecessary and contributes so little.
[some group you dislike uses thing everyone has access to] is just not a useful statement.
What do we do now, ban all crypto currencies to force 'Terrorists' back into using cash?
Has terrorism gone up since cryptocurrencies came around? Did Bin Laden have access to crypto?
I'm not even a big fan of cryptocurrencies and think that the environmental impact of BTC is a heck of a lot worse than 'terrorists' possibly, potentially using it.
But I just don't understand what you were trying to achieve by throwing such an incendiary statement into the discussion with so little evidence to back it up.