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by ye 4510 days ago
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.
2 comments
threeseed 4510 days ago
It's a legitimate argument.

Regulators DO care about money laundering they have just been completely incompetent at regulating it.

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robzyb 4509 days ago
> If you seriously think regulators care about money laundering

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.

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