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How a bitcoin which is anonymous can be laundering? A bitcoin in my understanding is black by default, it is like cash. If i was that guy i'd be happy (of course taking some protective measures as working through tor and having hosting in a 3rd world, but this is something i suggest everyone who does any e-business).


The chain is:

stolen credit card or cash > starbucks gift cards > mhluongo's service > bitcoins > back to cash

so useful for laundering, and easily converting your stolen credit cards into cash before starbucks receives the chargebacks.


Cash IS what people launder.


Yes sorry, my mistake came from that i forgot that money laundering in west vs third world means opposite things. There is no money laundering in U.S. understanding of the term say, in Russia (because there is no need for it), and what's called money laundering is a completely different business, that escaped my attention, so i completely agree my comment was nonsense.


You know you can launder cash, right?




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