Why i often advise against jumping into 'random' but entrapping questions.
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U.S. arrests Bitzlato cofounder, alleges $700 mln of illicit funds processed
Anatoly Legkodymov, a Russian national living in China, was arrested in Miami on Tuesday on charges that he operated the exchange as an unlicensed money exchange business that "in his own words, catered to 'known crooks,'" a top Justice Department official said.Bitzlato has processed $4.58 billion worth of cryptocurrency transactions since May 3, 2018, prosecutors said, adding a substantial portion constitutes "the proceeds of crime."
https://www.reuters.com/business/fi...lato-ltd-money-laundering-concern-2023-01-18/
Take a look at the analysis this guy on Twitter posted:
https://twitter.com/x/status/1615858495458254850
Important parts:
You NEED to understand: they try to create︀ a precedent:
- No platform should let people trade without a #KYC
- If you︁ contribute to P2P exchange you may face charges
- Criminalization of P2P trades
Do crypto,︂ but you HAVE TO be fully KYC'd and use a trackable intermediary
Privacy and confidentiality︃ are in great danger. People are making fun of #Bitzlato but it was an easy︄ pick that they can justify in the name of good against evil (Russia, Darknet...)
while you're laughing at them they're placing their pieces on the chessboard.
Soon, they will make︅ people process that if you are not using CBDC, not fully identifying, or trying to︆ make private transactions, you are a criminal.
As citizens of the world, we need to︇ learn from our mistakes during the COVID-19 lockdowns and make an active effort in ensuring︈ the future of finance is just.
https://twitter.com/x/status/1615858495458254850
Important parts:
You NEED to understand: they try to create︀ a precedent:
- No platform should let people trade without a #KYC
- If you︁ contribute to P2P exchange you may face charges
- Criminalization of P2P trades
Do crypto,︂ but you HAVE TO be fully KYC'd and use a trackable intermediary
Privacy and confidentiality︃ are in great danger. People are making fun of #Bitzlato but it was an easy︄ pick that they can justify in the name of good against evil (Russia, Darknet...)
while you're laughing at them they're placing their pieces on the chessboard.
Soon, they will make︅ people process that if you are not using CBDC, not fully identifying, or trying to︆ make private transactions, you are a criminal.
As citizens of the world, we need to︇ learn from our mistakes during the COVID-19 lockdowns and make an active effort in ensuring︈ the future of finance is just.
because they've dealt with Americans, even though they said that they do not.
There is a reason there are lots of financial institutions in the east and else where that do not deal with any thing US related, be it an individual or a business.
There is a reason there are lots of financial institutions in the east and else where that do not deal with any thing US related, be it an individual or a business.
You wouldn't really care much, because when this happens you will already be holding btc instead of USD.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
You would buy btc or xmr for USD in the US.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Crypto for private use is not banned in China, and even if it is banned in a certain country that doesn't impede you to buy it.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
There are no exchanges within this jurisdiction, and you have your state-sponsored dollars that cannot be transferred outwards.
Anyone with money already outside of this country would not want it back in. So what do you do with your dollars?
This example could even be of Rubles.
Anyone with money already outside of this country would not want it back in. So what do you do with your dollars?
This example could even be of Rubles.
Buy other investments that holds it's value quite well and are liquid. I would buy gold and ship it offshore and sell it there for my preferred currency.
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