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GeneralRe: Security+ Pin
#realJSOP13-Feb-21 0:30
mve#realJSOP13-Feb-21 0:30 
GeneralRe: Security+ Pin
Sander Rossel13-Feb-21 0:50
professionalSander Rossel13-Feb-21 0:50 
GeneralTwo Faces Have I Pin
Gerry Schmitz12-Feb-21 8:15
mveGerry Schmitz12-Feb-21 8:15 
GeneralRe: Two Faces Have I Pin
Greg Utas12-Feb-21 8:32
professionalGreg Utas12-Feb-21 8:32 
GeneralRe: Two Faces Have I Pin
Gerry Schmitz12-Feb-21 8:34
mveGerry Schmitz12-Feb-21 8:34 
GeneralRe: Two Faces Have I Pin
Greg Utas12-Feb-21 8:45
professionalGreg Utas12-Feb-21 8:45 
GeneralRe: Two Faces Have I Pin
Gerry Schmitz12-Feb-21 8:50
mveGerry Schmitz12-Feb-21 8:50 
GeneralRe: Two Faces Have I Pin
OriginalGriff12-Feb-21 9:14
mveOriginalGriff12-Feb-21 9:14 
No, money laundering is an old crime: the process of turning ill-gotten gains into legal funds that are easy to spend.

Suppose you sell drugs, and turn over $50K per week. That's all cash: used bills. You want to buy a car, you don't walk into a Ferrari dealership with $100,000 in used notes - questions will be asked, and it's a dead giveaway as far as law enforcement is concerned. You don't need that kind of attention, so you need to launder the money.
I'm not going to even try to describe how you do that; I haven't got a clue.

But the UN estimate is that between 2 and 5% or the global GDP is laundered every year: between $850 billion and $2.5 trillion per year!

And a large percentage of that - and growing - is cryptocurrency (most of it through two exchanges: Binance and Huobi)

And cryptocurrency isn't anonymous or private: all Bitcoin transactions are public, traceable, and permanently stored in the Bitcoin network.
"I have no idea what I did, but I'm taking full credit for it." - ThisOldTony
"Common sense is so rare these days, it should be classified as a super power" - Random T-shirt
AntiTwitter: @DalekDave is now a follower!

GeneralRe: Two Faces Have I Pin
Gerry Schmitz12-Feb-21 9:30
mveGerry Schmitz12-Feb-21 9:30 
GeneralRe: Two Faces Have I Pin
Greg Utas12-Feb-21 9:47
professionalGreg Utas12-Feb-21 9:47 
GeneralRe: Two Faces Have I Pin
Gerry Schmitz12-Feb-21 9:48
mveGerry Schmitz12-Feb-21 9:48 
GeneralRe: Two Faces Have I Pin
Greg Utas12-Feb-21 9:52
professionalGreg Utas12-Feb-21 9:52 
GeneralRe: Two Faces Have I Pin
Gerry Schmitz12-Feb-21 9:54
mveGerry Schmitz12-Feb-21 9:54 
JokeRe: Two Faces Have I Pin
raddevus12-Feb-21 11:26
mvaraddevus12-Feb-21 11:26 
GeneralRe: Two Faces Have I Pin
Greg Utas12-Feb-21 11:32
professionalGreg Utas12-Feb-21 11:32 
GeneralRe: Two Faces Have I Pin
Greg Utas12-Feb-21 9:43
professionalGreg Utas12-Feb-21 9:43 
GeneralRe: Two Faces Have I Pin
OriginalGriff12-Feb-21 9:55
mveOriginalGriff12-Feb-21 9:55 
GeneralRe: Two Faces Have I Pin
Greg Utas12-Feb-21 9:56
professionalGreg Utas12-Feb-21 9:56 
GeneralRe: Two Faces Have I Pin
Gerry Schmitz12-Feb-21 9:55
mveGerry Schmitz12-Feb-21 9:55 
GeneralRe: Two Faces Have I Pin
dandy7212-Feb-21 9:43
dandy7212-Feb-21 9:43 
GeneralRe: Two Faces Have I Pin
Gerry Schmitz12-Feb-21 9:52
mveGerry Schmitz12-Feb-21 9:52 
GeneralRe: Two Faces Have I Pin
OriginalGriff12-Feb-21 9:56
mveOriginalGriff12-Feb-21 9:56 
JokeRe: Two Faces Have I Pin
PIEBALDconsult12-Feb-21 8:36
mvePIEBALDconsult12-Feb-21 8:36 
GeneralRe: Two Faces Have I Pin
Gerry Schmitz12-Feb-21 8:41
mveGerry Schmitz12-Feb-21 8:41 
GeneralRe: Two Faces Have I Pin
DerekT-P12-Feb-21 23:09
professionalDerekT-P12-Feb-21 23:09 

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