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Title: [2015-11-05] OECD working paper: cash is easier to use for criminal purposes tha Post by: milaliss on November 05, 2015, 07:44:33 PM OECD working paper: cash is easier to use for criminal purposes than cryptocurrencies
The OECD Secretariat has prepared a working paper for the hearing on the disruptive innovation in financial sector. Though the paper does not necessarily reflect the opinion of the member states or the Organisation as a whole, it is supposed to include the materials which may help it formulate its stance on the disruptive economy. http://www.coinfox.info/news/3595-oecd-working-paper-cash-is-easier-to-use-for-criminal-purposes-than-cryptocurrencies Title: Re: [2015-11-05] OECD working paper: cash is easier to use for criminal purposes tha Post by: RustyNomad on November 05, 2015, 07:55:50 PM Finally some logic reasoning....
Quote “In fact, cash is likely a much more anonymous means of transferring value than virtual currencies. The ownership string for virtual currency is public, though not the actual owner name and address. If that name and address are at one point identified by law enforcers, law enforcers have a powerful mechanism to track entire chains of transfer of value, in a way that cash would never allow. The arguments used against virtual currency anonymity may thus be much weaker than comparable arguments against cash.” Bitcoin always hits the headlines when some crime is committed where bitcoin was involved as a transfer of value yet crimes committed using fiat are hardly ever reported on. Most probably as bitcoin is a hot topic for news at the moment but it creates a skewed perception that it's the 'currency' of choice for criminal activity. |