Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Samourai Wallet seized by the feds
by
Upgrade00
on 24/04/2024, 20:19:26 UTC
⭐ Merited by JayJuanGee (1)
Quote
IRS-CI Special Agent in Charge Thomas Fattorusso said: “$2 billion in transactions with an unlicensed money transmitter means $2 billion flowed without any oversight, from whomever to wherever.  Because of the company’s disregard for regulation, it’s alleged that Samourai Wallet laundered more than $100 million in criminal proceeds
Transactions are not unlawful cause you cannot trace the flow of the transaction. The $2 bliiion seems to have just been thrown in there for shock value, giving them a justification to clamp down on the service.

Cash pretty much allows anyone to transact without regulation or oversight, and way more than $100 million have been used in criminal transactions using it.