Banknotes have serial numbers... ever wondered what happens if you get a banknote that comes from a robbery/VIP abduction?
I can't read the site, but this isn't something I worry about. Almost every banknote has cocaine traces on it, and given enough rotation most banknotes must have been in the hands of criminals. That's not a problem: money is fungible.It's a problem if you're personally dealing with criminals. So don't do that
Quote
As soon as that "tainted" banknote enters the banking system, you're fucked. They will freeze the money and the police will interrogate you where you got it from.
What's wrong with catching murderers? The police won't come after you, but you may have information that can help them find the real bad guys. If you tell them you received the money when you sold cocaine, you have a problem. But if you got it for selling your car, I don't expect them to blame you.When an robbery/abduction is performed, the police keeps a record of the serial numbers of the stolen banknotes.
Just like AML/chain analysis keeps track of certain addresses/satoshis.
As soon as you try to deposit stolen banknotes in a bank, they will confiscate them and interrogate you.
You may be innocent (just like someone who received "tainted" BTC and then deposited it to a CEX), but they won't care.
So yes, you may argue that banknotes are fungible, but that only applies to hand2hand transactions.
If you want true fungibility, you better use metallic coins (they don't have serial numbers), but you won't be able to hoard large amounts of money with 1-2 eurocoins.