>Money laundering has been illegal for a long time
Sure if I launder my money to avoid paying taxes I'll be breaking the law.
>you don’t get a pass because you’re doing it dressed up with new technology
That's like saying that the guy who developed Monero should be in jail because it's used to buy drugs, the guy developed a tool, the people who use the tool to launder their money are the ones breaking the law, if you make cars and some people use them to smuggle drugs you're not breaking the law...
>Especially when you’re making gobs of money doing it
...doesn't matter how much money you make selling your cars.
>Especially when the narrative around your new money majorly focuses on how it is secret and evades government control.
The narrative around anything shouldn't be a factor in you being free or in prison, also tornado wasn't money and it's not even a crypto.
I'm not actually sure this is the case under the law. Removing the technology from the mix, one of the better-known AML laws is that you can't structure your transactions for the purpose of avoiding the $10,000 transaction threshold (at which point the banks report the transaction to the feds for them to keep track of it).
Note that -- as it is commonly stated, anyway, I haven't read the statute in question -- it doesn't matter why you are structuring your transactions to avoid the threshold, just doing it gets you in trouble.
I see people are downvoting this post. Name a legitimate usage. I sure as hell can't think of one.
"need" is a value judgement, but people in general would certainly dislike the premise of using money where everything you did was public knowledge.
Y'all played yourselves tbqh.