PrivacyDigestDec 9

How a #Cryptocurrency Helps Criminals #LaunderMoney and Evade #Sanctions

#Britain last month arrested members of a billion-dollar #moneyLaundering network that had purchased a bank in #Kyrgyzstan to convert proceeds from drug trafficking and human #trafficking into #Tether, the most popular #stablecoin. Further reading: China's Central Bank Flags Money Laundering and Fraud Concerns With #Stablecoins.
#privacy #security

https://news.slashdot.org/story/25/12/08/1545253/how-a-cryptocurrency-helps-criminals-launder-money-and-evade-sanctions?utm_source=rss1.0mainlinkanon&utm_medium=feed

How a Cryptocurrency Helps Criminals Launder Money and Evade Sanctions - Slashdot

An investigation has revealed how stablecoins -- cryptocurrencies pegged to the US dollar that exist largely beyond traditional financial oversight -- have become a practical tool for criminals and sanctioned individuals to move funds across borders almost instantly and convert them back into spenda...

GettingByGurlJul 12, 2023
left the house yesterday was stressful figuring where my Lyft was and utterly #disgusting #discombobulating to see cancerous amount of $$$$ not needed gonna be #empty #LuxuryHousing and empty garbage #development in my #city when so many good working folks I know #STRUGGLING to find safe #affordableHousing. Heard its #GlobalIssue cuz super way to #LaunderMoney. Read about an Estonian giving a tour in his city calling all the shiny ugly empty buildings #WashingMachine #homeless #Greed
Dick Smiths Fair Go SupportersMay 10, 2021

If we could collude with a few people on Fedi we are sure that we could setup a fakeBusiness making worthless #NFTs and #launderMoney for organised crime in the process.

It really seems possible.

And frankly we just want some income security and an abode with some energy from the sun.

Anyone want to launder money with us? #joke

#joinTheJeffreyEpsteinClass #digitalArt #cantillonWithUs