Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Errant
How can it be money laundering if Bitcoin is not a currency (or U.S. dollars) according to the federal government?

I'm confused...

5.56mm

7 posted on 01/27/2014 9:29:57 AM PST by M Kehoe
[ Post Reply | Private Reply | To 1 | View Replies ]


To: M Kehoe

Expecting the US Federal Government to be constrained by archaic, quaint concepts such as “the law” is bound to result in disappointment.


12 posted on 01/27/2014 9:33:14 AM PST by Zeppo ("Happy Pony is on - and I'm NOT missing Happy Pony")
[ Post Reply | Private Reply | To 7 | View Replies ]

To: M Kehoe

It is what they say it is and they will punish anyone who says otherwise because... How are you going to stop them?


29 posted on 01/27/2014 9:58:09 AM PST by Dead Corpse (I will not comply.)
[ Post Reply | Private Reply | To 7 | View Replies ]

To: M Kehoe
How can it be money laundering if Bitcoin is not a currency (or U.S. dollars) according to the federal government?

Any cash transaction over $10,000 must be reported to the gubbnet.

If you buy a car for $30,000 cash, the dealership has to report it to the IRS.

44 posted on 01/27/2014 10:28:10 AM PST by Yo-Yo (Is the /sarc tag really necessary?)
[ Post Reply | Private Reply | To 7 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson