News for hackers. Stuff that matters.

A comment on Money-Laundering Practices in the Online Scam Industry. Parent comment

Re:Money-Laundering Practices in the Online Scam Industry by JumpCrisscross on Friday September 27, 2024 @12:12PM (#41672343)
> If cash were invented today, it would be illegal

Based on what? Is 2008 not "today," because last I checked cryptocurrencies aren't illegal.

[ Parent | on HN ]
Re:Money-Laundering Practices in the Online Scam Industry by badsandwitch on Friday September 27, 2024 @03:25PM (#41674577)
Bitcoin is the furthest thing from cash, every single transaction is transparent on input and output.

On the other hand...

Tornado Cash was made illegal. Pressure is put on exchanges not to service Monero.

Odd that it only happens to actual cash-like crypto?

[ Parent | on HN ]
Re:Money-Laundering Practices in the Online Scam Industry by immibis on Friday September 27, 2024 @10:46PM (#41677494)
They're de facto illegal if you ever make a transaction the government can't trace.
[ Parent | on HN ]