Now hold on, maybe they’re onto something. The highest levels of drug dealers most likely aren’t accepting cash, they’re laundering their money through legitimate fronts. Small time dealers setting up some simple LLC or something for a relatively small fee and funneling money through that could actually shield you better from local law enforcement. I’m pretty sure Cashapp and their ilk offer business accounts nowadays, haven’t checked myself.
Block, the company that owns Cash App, lost a court case and had to pay an $80m fine for failing to adhere to anti-money laundering laws. The Feds have been all over it for a year. Maybe 3 years ago it was possible to fake the KYC, but not a much so anymore.
The only truly non-tracable financial system is Monero, and many exchanges won’t touch it because it has such a close connection to crime.
I heard of some drug dealers not accepting cash where I live
What are they taking? Monero? Gift cards?
Cashapp I’d assume.
Lol, might as well hang a sign out front that says “I share data with cops.”
\_( ツ )_/
Now hold on, maybe they’re onto something. The highest levels of drug dealers most likely aren’t accepting cash, they’re laundering their money through legitimate fronts. Small time dealers setting up some simple LLC or something for a relatively small fee and funneling money through that could actually shield you better from local law enforcement. I’m pretty sure Cashapp and their ilk offer business accounts nowadays, haven’t checked myself.
Block, the company that owns Cash App, lost a court case and had to pay an $80m fine for failing to adhere to anti-money laundering laws. The Feds have been all over it for a year. Maybe 3 years ago it was possible to fake the KYC, but not a much so anymore.
The only truly non-tracable financial system is Monero, and many exchanges won’t touch it because it has such a close connection to crime.