Another story on ShapeShift—and remember, this is really more about the exchange than analytics firm CipherBlade. Gerard has some great "outtakes" in here and a good summary on why all this is important.
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I read it but what’s the takeaway supposed to be? I didn’t see anything refuting the report.
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There is nothing refuting the report. The report says the exchange facilitated ML, but to a lesser extent what WSJ said. Gerard says "trying to imply that money laundering doesn’t happen there, or is meaningless to the extent it does happen, is nonsensical."
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Without a doubt, money laundering goes undetected at every financial institution in the world. Impossible to stop 100% but I don't think it's nonsensical to view crypto ML with a holistic perspective, and when viewed in terms of all ML, crypto's is insignificant (or meaningless).
