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RE: Greece Arrests Russian "Mastermind" Behind $4 Billion Bitcoin Laundering Scheme btc-e
All of this is horseshit to cover for the fact that the US govt is shutting down an exchange that isn't even in its jurisdiction.
Doesn't make a lot of sense to think of cryptocurrency having a physical location to where a jurisdiction applies. Money was definitely being laundered internationally; it's in everyone's interest to legitimize exchanges.
"Money was definitely being laundered internationally"
You have zero proof of that.
It would be completely absurd to not think that a massive part of Bitcoin's popularity is its ability to purchase and sell drugs online. I am referring to the system, not Vinnik's case
Most drug dealers use cash. So should anyone who uses cash be arrested?
Arrested? I don't remember saying anything about arrests. Illicit fiat cash is more difficult to launder with large amounts. That's what's attractive about Bitcoin.
I personally don't care about drugs. I do care about fraud, ransoms and human trafficking though. Legitimizing cryptocurrency exchanges is a good thing.