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Gigachadtoday at 3:46 AM2 repliesview on HN

That wouldn't help in the situations described in the article. For example where individuals buy drugs with small amounts of cash, then that cash is used to buy things like luxury watches and iphones, then those items are taken overseas and sold.

Seemingly the only effective way to solve this would be to ban purchasing highly resellable items with cash and requiring that cash to be deposited in to the system first.


Replies

Fire-Dragon-DoLtoday at 5:00 AM

You cannot have a transaction in cash of that size. Loundring is about converting the dirty cash back to normal money, but the idea is to force you to go through a bank

tony69today at 6:42 AM

In Italy, it’s illegal to pay in cash anything over 5000 euros

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