Ninjastic
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Board Economics
Re: bitcoin and money laundering
by
LostDutchman
on 20/07/2014, 21:00:19 UTC
Quote from: PinkRanger on July 20, 2014, 06:24:12 PM
Quote from: LostDutchman on July 20, 2014, 05:14:52 PM
Quote from: 98problems on July 20, 2014, 03:23:47 AM
Quote from: BoxControl on July 18, 2014, 05:45:12 AM
Quote from: leezay on July 18, 2014, 05:42:11 AM
Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?
LBC sellers are technically suppose to comply with AML regulations, although many of them do not do so. You would probably need to sell over several trades if you wanted to cash out a large amount.

LBC users are in no way at all required to comply with AML regs any more than the seller of a used car is required to do so.
I have read news reports that LE has charged LBC sellers with AML violations when they sold to people who we're claiming to be using the bitcoin for illegal purposes

Fine.

Where's the beef?

Show us the links!

And please tell us just how a transaction which might appear to be illegal on it scae compares with a perfectly legal transaction between two ordinary citizens.

oh

It's "were" not "we're".

Wink