You are viewing a single comment's thread from:

RE: Money Launderers, Money Laundering, Christine Lagarde and Bitcoin

in LeoFinance3 months ago (edited)

A sharply worded, but honest post... Well done.
I wish no ill to the Madame, but to accuse Bitcoin of nefarious use is ridiculous considering all the nefarious uses for USD and other currencies.

I agree that the majority of money laundering is done with currencies.
I agree that what really scares people about Bitcoin is not money laundering and crime, it's their lack of control.

Oddly enough, the US Government, and I suspect other governments as well, have already figured out that Bitcoin isn't a privacy coin and that the blockchain is transparent to those who take the time to learn. Fiat however is very much a privacy coin, which is why India banned certain denominations and CHina has pushed to make all transactions electronic, and is pushing a national digital currency. It's all about control.

@shortsegments

Posted Using LeoFinance Beta

Sort:  

Well said. They don't care that much about the tech as long as they have access to the data and can control people's lives through that currency.

Posted Using LeoFinance Beta