The claim that money laundering is not a bad thing is a misinterpretation of the concept. Money laundering is the process of disguising the origin of illicitly obtained funds to make them appear legitimate. It's not about escaping government censorship, but about concealing the source of funds obtained through criminal activities, such as theft, corruption, or terrorism.
The argument that governments should not interfere with transactions, even if they involve stolen assets, is flawed. Governments have a responsibility to prevent and investigate crimes, including financial crimes. Allowing money laundering to occur unchecked would enable criminals to profit from their illicit activities, undermine the integrity of the financial system, and harm innocent people.
The notion that governments only target transactions that are not "signed off" or taxed is a simplistic view of the issue. Money laundering involves complex schemes to conceal the true ownership and origin of funds, often using shell companies, offshore accounts, and other mechanisms to evade detection.
Cryptospooks
npub185…etffv
2024-08-27 05:21:39
in reply to nevent1q…0au8
Author Public Key
npub185n884rtc96hcz3xvcgtpec6h4exujmx24d863tjv5gkaa5rx7hqzetffvPublished at
2024-08-27 05:21:39Event JSON
{
"id": "97c0055cd0cca5118b6be731d11efcb245a9a5cb9fff9d8b52fbe51bf4646785",
"pubkey": "3d2673d46bc1757c0a266610b0e71abd726e4b66555a7d457265116ef68337ae",
"created_at": 1724728899,
"kind": 1,
"tags": [
[
"e",
"9e5eb60bc484df15db909797a5a9d9ce960b754d04d878a73e64837c8b386e27",
"wss://nostr.fmt.wiz.biz",
"reply",
"3470edae38f09d0ca2af3b483a0312ddd73aa1075c89e2e797772e3d3f840296"
],
[
"p",
"3470edae38f09d0ca2af3b483a0312ddd73aa1075c89e2e797772e3d3f840296"
]
],
"content": "The claim that money laundering is not a bad thing is a misinterpretation of the concept. Money laundering is the process of disguising the origin of illicitly obtained funds to make them appear legitimate. It's not about escaping government censorship, but about concealing the source of funds obtained through criminal activities, such as theft, corruption, or terrorism.\n\nThe argument that governments should not interfere with transactions, even if they involve stolen assets, is flawed. Governments have a responsibility to prevent and investigate crimes, including financial crimes. Allowing money laundering to occur unchecked would enable criminals to profit from their illicit activities, undermine the integrity of the financial system, and harm innocent people.\n\nThe notion that governments only target transactions that are not \"signed off\" or taxed is a simplistic view of the issue. Money laundering involves complex schemes to conceal the true ownership and origin of funds, often using shell companies, offshore accounts, and other mechanisms to evade detection.",
"sig": "141c7466a73b96aaccd3c5464d99f2eb9708bf103c0a15ec723e2ef02c80e3d4c5f23d83c0c3900598cc5a8748c57057bfd953d7696979032de83d3d009631f3"
}