Submitted by habichuelacondulce t3_zklgpk in technology
ThisAltDoesNotExist t1_j026afr wrote
Reply to comment by shmeggt in Binance CEO Facing Possible Money Laundering Charges by habichuelacondulce
Which is what I meant by "you just need a convincing story" and then described the most common method of money laundering.
It is also very difficult to spend a large quantity of cryptocurrency.
shmeggt t1_j027cbi wrote
You don't have to spend the crypto... You just have to launder it, which is far, far easier because of how many cryptos exist.
ThisAltDoesNotExist t1_j027nn5 wrote
Nonsense. The moment you try to get it into the regular banking system to spend it you face the same questions of origin.
You may as well say you don't need to spend the cash, you can just leave it in a safe.
shmeggt t1_j028nex wrote
Here's what you do....
"I'm a crypto investor. I trade quite a lot and have been quite successful in doing that. I invested $500 in LaunderCoin which went up by 8,000,000%. I trade a lot looking for the next great coin."
ThisAltDoesNotExist t1_j02aeed wrote
Unlikely to be sufficient for any sizeable amount of money.
talontario t1_j04gzop wrote
then you just buy or sell an nft.
ThisAltDoesNotExist t1_j05y1sr wrote
Lol, good one.
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