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[-] shortwavesurfer@lemmy.zip 15 points 3 months ago* (last edited 3 months ago)

. That approval made it easier to fund bitcoin investment projects, but despite the seeming endorsement, Gensler warned at the time that the SEC still viewed bitcoin as a "volatile asset" linked to "illicit activity" like ransomware, money laundering, sanction evasion, and terrorist financing.

Anybody who is not using Monero for these kinds of activities is doing it wrong. Just remember folks, every transaction on Bitcoin and similar chains is an upskirt transaction.

[-] FireRetardant@lemmy.world 3 points 3 months ago

Isn't USD also linked to many of those? Gangs launder physical cash through businesses, ransomware can ask for credit cards or bank accounts, terrorists may take USD as it can be spent nearly anywhere.

[-] shortwavesurfer@lemmy.zip 2 points 3 months ago

Oh yes, these kinds of organizations love cash because it's a bearer asset.

this post was submitted on 13 Nov 2024
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