[Mr_P]

What a convenient source of liquidity for the various drug cartels in El Salvador who need to launder their money.

[toolz]

Yes, so convenient that over a decade after its inception, still well over 95% of the black market operates in fiat instead.

[douglaswlance]

Why would they use a public, transparent ledger to launder money?

[lumost]

Lower counterparty risk, and harder to confiscate. Money can sit in a crypto wallet and be used for illicit transactions until favorable circumstances allow conversion out of btc. You can’t do that with cash in a bank.

With the amount of shady alt coins and defunct btc exchanges separating authentic vs bogus transactions is even tougher for regulators.

[CodeShmode]

There are many ways to launder money.

[plebianRube]

What a staggeringly uninformed comment.