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What's something that's seen as Obsolete, but isn't?
(lemmy.world)
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this post was submitted on 10 Mar 2025
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Asklemmy
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Block, the company that owns Cash App, lost a court case and had to pay an $80m fine for failing to adhere to anti-money laundering laws. The Feds have been all over it for a year. Maybe 3 years ago it was possible to fake the KYC, but not a much so anymore.
The only truly non-tracable financial system is Monero, and many exchanges won't touch it because it has such a close connection to crime.