Post
Topic
Board Economics
Re: Is USD being used for illegal activities?
by
HalfDeck
on 31/01/2018, 23:22:26 UTC
I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.
 
Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?
Actually all of the currency around the world can be used in illegal actions like buying and selling drugs online or in real world without noticing the government yet it can be revealed. But in bitcoins you can't leave any trace with your transactions with drugs because it is all hidden.
Really? As you said, why do the Korean and Japanese government catch a lot of criminals related use cryptocurrency for crime? Because after all, you need to exchange crypto to FIAT and that is the time for the police track the source, data, information of seller and buyer through exchanger.