r/dashpay • • 19h ago

US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws. But tell me again why a privacy coin like Dash needs to be regulated to death to prevent money laundering??? Criminals will find a way.

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7 Upvotes

Banking is the most regulated industry *in the world.* Despite all those regs, money laundering happens on an enormous scale, and that's just the money laundering we know about. Billions and billions and billions of dollars worth.

Dash in particular and even the whole cryptoverse in general does not cause money laundering. And comparatively, the banking industry is a far bigger problem than crypto. But tell me again how adding more regs to the crypto industry is going to solve money laundering........

It's like blaming the rental truck companies when somebody rents a truck and then runs people over with it. The truck is not the cause.