[Yo-Yo]

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.

[Errant]

Looks to me like the danger of messing up (i.e., breaking the law), isn't so much with Bitcoin transactions, but FRN transactions?

Of course real banksters just pay billions in fines using their customers money and get to stay out of jail even when caught directly laundering billions for the drug cartels.

Justice may be blind but her feel for money is excellent.

[B4Ranch]

Your bank will report any cash transaction over $3000. Deposits or withdrawls.

[M Kehoe]

Hi.

Maybe I'm missing something in your post...

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

If Bitcoin is not "cash," or currency (i.e. U.S. dollar, or the Euro), according to the federal government, how can the transaction be money laundering?

The only thing I can see is that some individual, or a company purchased a product (i.e. Bitcoin, or steel or corn...) with cash.

I know, I'm missing the point.

5.56mm