When a Bitcoin exchange says they have a "technical problem sending USD wires" what they mean is their bank has refused their wires.
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(You can also speculate on their ability to continue laundering, with the same tokens, but the actual thing you do w/ exchanges is launder.)
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If you're a compliance officer you're sweating bullets reading the SEC releases because speculation is your plausible deniability story.
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You can't not know what customers intend to do (KYC) and you also can't know that what they intend to do is immediately commit a crime.
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This logic extends to their banks, too. Compliance officer at bank says "What do your customers do with the money?" "Oh you know speculate."
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"Speculate on what?" "... Innovative..." "Unregistered securities offerings?" "Have we told you about blockchain yet?"
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End of conversation
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Evidence? That's a pretty sweeping charge. What are the (alleged) underlying offenses?
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Just go to
@hsbc if you want clean money.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Crime in Bitcoin has to be miniscule compared to crime paid in cash, diamonds, artwork, and lives.
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Do you have any related reading here to suggest? I'd like to learn more about this
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Now? Was it ever not?
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