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RE: Bits and Pieces - Coins to be AML Compliant
Agreed. The money I made on bitcoins is not dirty and it needs no laundering.
I say they can have a look at my records when they have tax money from the FARC in South America. The government needs to clean up its act. They also need to learn what they are dealing with in digital currencies before they shoot their mouths off.
India outlawed bitcoins and bitcoins prospered. Today, I heard they are wising up and making them legal (which is like asking bitcoin to allow them to tax it).
I don't know. I am so far outside that system now.
Indeed, they have cash from drug cartels, Iran, North Korea but they are focusing on bitcoin. Last year, charges against HSBC were dropped after the UK finance minister warned of a 'global financial disaster' if banks were prosecuted for laundering. https://www.theguardian.com/business/2016/jul/11/hsbc-us-money-laundering-george-osborne-report
Agreed, they probably want to legalize bitcoin so that they can try and tax it. If they find that they can't control it, they'll probably outlaw bitcoin like they did with online sports betting.