You don't need to launder money through GBTC to get exposure to the assets that ... | Hacker News

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		0xB31B1B on Nov 23, 2021 \| parent \| context \| favorite \| on: India seeks to block most cryptocurrencies in new ... You don't need to launder money through GBTC to get exposure to the assets that money launderers use (BTC) to launder money and reap the upside of a growth market in cryptocurrency based moneylaundering. its a smart play tbh, but the 99% off chain economic benefit from crypto today is money laundering, evading KYC protocols, tax evasion, ransomware related transfers.

terafo on Nov 23, 2021 [–]

> 99% off chain economic benefit from crypto today is money laundering, evading KYC protocols, tax evasion, ransomware related transfers

You still need to prove that though.

0xB31B1B on Dec 1, 2021 | [–]

No, you need to prove the off chain economic use cases. The well known use cases are all illicit.

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