Viewing a single comment thread. View all comments

babygrenade t1_j1ze6kp wrote

Reply to comment by sirzoop in Crypto and blockchain are not the technology of the future – prove me wrong. by Aquillyne

Money laundering is specifically trying to obfuscate the source of money. So not at all the scenario here.

According to state law it's illegal to operate games of chance in my state, so I'm placing bets outside of my state.

−1

sirzoop t1_j1zegtk wrote

So you are literally admitting that you are breaking the law, trying to get around the regulations by using cryptocurrency and then trying to argue its not money laundering?

Bro....this isn't the type of stuff you should publicly admit to online.....

1

babygrenade t1_j1zfn5r wrote

I'm clearly admitting to avoiding state gambling regulations. That doesn't make it money laundering. At no point is the source of money hidden.

If I ever actually won enough to report it in my taxes - I would report it in my taxes just like if I had gone to vegas and won. If I really win big and bring home $10k+ my bank will report the deposit anyway.

1