340
Dutch court convicts engineer to 5 years for maintaining crypto mixer Tornado Cash
(www.patrick-breyer.de)
this post was submitted on 16 May 2024
340 points (98.0% liked)
Privacy
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A place to discuss privacy and freedom in the digital world.
Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.
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I don't think you understand. Banks (or anyone who accepts large amounts of money) has a duty to have some idea of where that money comes from. There are anti money laundering laws.
Go open a bank account right now and try to deposit a briefcase full of $50,000 in cash and see what happens. You might, maybe be able to do it, but there will absolutely be questions.
We know what the rules are dude, we are saying they're wrong.
I think it will go to my quotes collection. "We know what the rules are, we are saying they're wrong".
That doesn't apply to small amounts below $10k
But, again, the same applies. I deposit btc or cash into a bank, even $50k, then I disclose its source to the authorities, with the paperwork. But by using a privacy service, I can comply with the law and protect myself from malicious actors
I've done this. They ask you for the paperwork documenting the source of the funds. Just follow the process. It doesn't matter if its fiat or crypto.