this post was submitted on 08 Dec 2024
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And even with Monero, it's about the same as physical cash, if you avoid the bank reporting for suspicious transactions. And if the police are suspicious, Monero is arguably worse because there's the possibility to get transaction data if the police can access your device, whereas that's not a thing w/ cash. And then you still have the issue of converting back to fiat, which either involves a KYC service (in most countries) or P2P cash transactions, in which case we're back to cash.
Money laundering will happen regardless, and IMO it's not worth the privacy violations required to attempt to eradicate.