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0 pointsye12y ago0 comments

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.

0 comments

threeseed12y ago

It's a legitimate argument.

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

robzyb12y 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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