0 sats \ 7 replies \ @premitive1 24 Apr \ parent \ on: Samourai Indictment Count Two Could Have Serious Implications For All Wallets bitcoin
everything on computers is code and I think y'all are fixating on the wrong things in this story. The indictment clearly states that Samourai made millions of dollars worth of bitcoin in fees from running Whirlpool.
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0 sats \ 6 replies \ @siggy47 OP 24 Apr
No doubt the mixing will earn the headlines. Count two is a bigger deal, IMO. The US District Court for the Southern District is probably the highest profile federal trial court in the country. They don't just bring counts for the hell of it.
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0 sats \ 5 replies \ @premitive1 24 Apr
I think you're confusing the way the charges relate to each other. There are many ways to launder money. The charges allege that the WAY they laundered money was by running an unlicensed money transmitter.
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125 sats \ 2 replies \ @siggy47 OP 24 Apr
We disagree.
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0 sats \ 1 reply \ @premitive1 24 Apr
The allegations contained in paragraphs 1 through 28 of this Indictment are repeated and realleged as if fully set forth herein
This is the first paragraph of the second charge.
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0 sats \ 0 replies \ @siggy47 OP 24 Apr
Every indictment is drafted like that. We can keep going back and forth. I say the defendants are charged criminally with operating a money transmitter business separate and apart from the mixing. You disagree. Let's see how it plays out.
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0 sats \ 1 reply \ @Cje95 24 Apr
The way that they are going after it for laundering by using the money transmitter path that itself is the issue. Due to how wallets function in general I mean really all of them are unlicensed money transmitters
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0 sats \ 0 replies \ @premitive1 24 Apr
In a regular wallet the person transmitting the money is the person/people initiating a transaction. coinjoins make use of a coordinator. I made the point elsewhere, and repeat it here. There are many ways to launder money. In the TV show "Breaking Bad" they buy a car wash to launder money. The car wash was a registered business, paying taxes on claimed revenue, etc.
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