This crap is why is it so hard to 'follow the money' in international circles these days. And another reason to stay away from crypto currencies in general.
Well, the blockchain is generally really open, so that's not really the problem. I do think that massive takedowns of tumblers such as this one will act as a deterrent at least a bit. And then there's the fact that they STILL have to convert to fiat at some point. If they're considered high-risk and no financial institution will bank them, that will also help.
I don't know enough to say anything smart. I've never done a deep enough dive to actually make sense of the whole crypto mess. But I can say that going from crypto to fiat is always interesting. For versions of interesting.
This crap is why is it so hard to 'follow the money' in international circles these days. And another reason to stay away from crypto currencies in general.
Well, the blockchain is generally really open, so that's not really the problem. I do think that massive takedowns of tumblers such as this one will act as a deterrent at least a bit. And then there's the fact that they STILL have to convert to fiat at some point. If they're considered high-risk and no financial institution will bank them, that will also help.
But yes, super risky.
I don't know enough to say anything smart. I've never done a deep enough dive to actually make sense of the whole crypto mess. But I can say that going from crypto to fiat is always interesting. For versions of interesting.
I learned a bit in my certification class last week. 😎