If you seriously think regulators care about money laundering, ask yourself why HSBC laundered hundreds of billions of drug cartel dollars, got a slap on the wrist and nobody went to jail.
Money laundering is the new "think of the children" or "terrorists!" bullshit.
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The dumb money laundering argument.
If you seriously think regulators care about money laundering, ask yourself why HSBC laundered hundreds of billions of drug cartel dollars, got a slap on the wrist and nobody went to jail.
Money laundering is the new "think of the children" or "terrorists!" bullshit.
It's a legitimate argument.
Regulators DO care about money laundering they have just been completely incompetent at regulating it.
I think that WE should care about money laundering.
I think that WE should care about the HSBC situation.
And consequently I think that everyone should care about the potential for Bitcoin to be used for money laundering.