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by toss1 2768 days ago
Actually, we do see it.

Along with Civil Asset forfeiture mentioned by others, there are also:

* Know Your Customer laws,

* mandatory Suspicious Action Reports of all transactions over a certain value,

* anti-Smurfing or anti-Structuring laws that against structuring deposits to be under the threshold of SAR reports,

* a whole host of foreign transaction laws

* and plenty more...

So yes, prosecution of use of cash is very alive and healthy with people getting prosecuted for all of these crimes related to use of cash. And this is before any prosecutions that establish direct use for terrorism or drug cartels.

1 comments

I've used cash for over 20 years to buy things, I have not been prosecuted for it. Neither have any family, friends, coworkers, neighbors, etc that I know. Note that I said "everyone", since the comment I replied to basically said everyone who used some shitcoin service would be open to prosecution.
No one said you will get prosecuted, they are saying organisations that facilitated conversions between crypto and USD will be investigated.