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54 sats \ 3 replies \ @om 29 Apr \ parent \ on: The Network Access Exception To The Money Transmitter Rule bitcoin
OK, that's a different question but I'll try to answer it as well.
Despite its name money laundering covers not just money but any valuable. A better name would be value laundering. If ML charges could be avoided by shifting value into, say, gold, then somebody would make a gold payment network a long time ago.
This reminds me of a second amendment discussion-guns don't kill, people do.
Just because a network can be used illegally doesn't make it a money laundering network. Every time the US mint produces a dollar bill, are they engaging in money laundering through their physical dollar network?
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I agree. There's nothing preventing the argument that it has become even more so as we move to a cashless society. LN has a much more legitimate use case.
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