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Financial privacy is not money laundering. It's only money laundering if you're hiding the proceeds of a crime. That's how the term is defined and the laws are defined. People using it for other reasons were not violating any US laws.
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News to me that we all live under governments which are held to the will of the voting public. The majority of the public deciding that sex workers, trans people, recreational drugs, etc. should be criminalized also doesn't make it right. Plenty of laws are clearly immoral.
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