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0 sats \ 3 replies \ @AJ1992 29 Jan 2024 \ on: Anti Money Laundering bitcoin
If you transact in a way where your wallet cannot be traced back to you, you're using a freshly.generated send and change address, you're protected behind a no log VPN, and you're sending to someone that has all the features listed above as well, it is VERY VERY POSSIBLE to transact with true anonymity. However, people usually tend to fuck up somewhere. That's how the feds in the past have been able to recover stolen Bitcoin.
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0 sats \ 2 replies \ @Anonymous_Hodler OP 29 Jan 2024
Ok but that doesn t really answer how bitcoin devs are fighting against money laundering..!
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0 sats \ 0 replies \ @harrr 29 Jan 2024
Bitcoin is a permissionless system, AML is about removing permission. Bitcoin and AML are fundamentally incompatible.
Think about cash, cash doesn't have AML features. Bitcoin doesn't want to be worse than cash.
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0 sats \ 0 replies \ @AJ1992 29 Jan 2024
I don't really think they are honestly. It's moreso the feds learning how Bitcoin works and having a dedicated department fixed on it. That's part of the bad that comes with Bitcoin is it's creator WANTED it to be completely anonymous and didn't really care about the possible repercussions or crimes that could be committed.
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