Interest in Bitcoin Grows on Wall Street

Re:Interest in Bitcoin Grows on Wall Street by sanoli on Monday March 30, 2015 @07:46AM (#9288853)

You can hide your money, and then you can launder your money. I don't know much about bitcoin and about money laundering to know if it would make it any easier, or even harder. I do know, however, that if it makes it any easier, the big fat cats will make good use of it. But maybe there's no difference, I don't know. Maybe somebody chimes in?

This book's author claims it is the third largest business(money laundering): http://www.amazon.com/The-Laundrymen-Laundering-Largest-Busi...

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Re:Interest in Bitcoin Grows on Wall Street by exo762 on Monday March 30, 2015 @08:31AM (#9289022)

Fat cats and drug cartels are currently doing great job of laundering money using banks. So the question is: was anything of value lost? Also - does this mean that Bitcoin will democratize tax evasion / money laundering?

There is also a matter of complex tax codes. Today they predominantly used by large businesses and wealthy people. With Bitcoin as a very democratic tax evasion / money laundering mechanism, is there any chance that we will see clear and simple tax codes in Bitcoin future?

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