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30 sats \ 1 reply \ @IamSINGLE OP 3h \ parent \ on: How do Non-KYC Bitcoin P2P platforms escape funding terrorism and Cartels? bitcoin_beginners
“Trade-based money laundering in India soared to a whopping $674.9 billion for the 10-year period from 2009 to 2018 which reflects the magnitude of illicit trade that has emerged as a major threat to the country’s economy and security,” the report said. https://www.moneylife.in/article/money-laundering-via-illicit-trade-hovering-at-5-percentage-of-indias-gdp-says-cii-study/72120.html
India has been struggling to combat terrorism and money laundering for a very long time. You could listen a terrorist attack news almost everyday 10 years ago. The situation has drastically improved under Modi but terrorism threat is not completely gone. Maybe in future we have solution to flag out bad actor P2P orders on decentralised platforms.
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0 sats \ 0 replies \ @denlillaapan 3h
I'd be inclined to go the other direction. It's not the money's fault (or a problem of the money rails) that people in the real world commit crimes.
Maybe we should just ditch the entire money "laundering" idea, and accept that a neutral money means bad people will hold/buy/sell/transfer for evil reasons, and that's OK as well.
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