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What a convenient source of liquidity for the various drug cartels in El Salvador who need to launder their money.
by Mr_P 4y ago
What a convenient source of liquidity for the various drug cartels in El Salvador who need to launder their money.
- plebianRube 4y agoWhat a staggeringly uninformed comment.
- toolz 4y agoYes, so convenient that over a decade after its inception, still well over 95% of the black market operates in fiat instead.
- douglaswlance 4y agoWhy would they use a public, transparent ledger to launder money?
- lumost 4y agoLower 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 4y agoThere are many ways to launder money.