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ECB chief Lagarde admits her son lost crypto cash (www.reuters.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 1 year ago (1 children)

Another thing of course is that the banks are unhappy with not getting their share in money laundering, crime investments and tax evasion, like they do with government currencies. Cryptocurrencies could also democratize organized crime and not just leave it to the established ties between politics, banks and existing crime groups.

I'm not sure that "cryptocurrencies make it much easier for criminals to launder money, finance criminal enterprises, evade taxes and for organized crime to funnel dark money and into politics and corrupt politicians" is the kind of pro-cryptocurrency argument you seem to imply it is.

[–] [email protected] 3 points 1 year ago (1 children)

I'm not saying it is an argument pro cryptocurrency. It is a reason for banks to be against it. And it is a reason that shouldn't exist, because banks who have organized crime as a staple and politicians who do the bidding of organized crime should be dismantled and put into prison.

[–] [email protected] 1 points 1 year ago

That's fair.

However, it's just an argument for cracking down on money laundering, criminal enterprises, dark money in politics, etc.

Bad actors who oppose cryptocurrencies out of nefarious reasons don't make cryptocurrencies a good thing, particularly if even worse actors support cryptocurrencies for even worse reasons.