Quote from: goldkingcoiner on May 10, 2024, 02:25:02 PM

I totally agree. 100%

This is not about preventing money laundering, that is just an excuse to attack Bitcoin. This is about control of the money.

And you know what is ironic? Fiat is 800X more often used for money laundering and scams^[1]

Quote

...Meanwhile, policies to prevent the 800 times greater use of traditional dollars in criminal activities have not yet been disclosed.

[1]. Fiat Money Outpaces Bitcoin 800:1 for Money Laundering: Report

Fiat is used more often because fiat is used for everything thousands of times more often than Bitcoin. And Bitcoin is not attractive for laundering because it's hard to establish a convincing story of how you got supposedly clean coins.

But you know what Bitcoin is good for? Paying ransoms. A very considerable share of ransomware payments is done in Bitcoin, because it solves the problem of fiat payments - they can't get frozen and have no KYC, so it's a very safe and convenient method for criminals.