[HN Gopher] Environmental crimes are often hidden by 'flying mon...
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       Environmental crimes are often hidden by 'flying money' laundering
       schemes
        
       Author : PaulHoule
       Score  : 25 points
       Date   : 2025-06-27 14:01 UTC (9 hours ago)
        
 (HTM) web link (news.mongabay.com)
 (TXT) w3m dump (news.mongabay.com)
        
       | quantified wrote:
       | Crypto is similar in some respects to flying money. Is it easier
       | or harder to trace transaction flow with crypto? I'm guessing
       | that it's the exchange to/from cash that causes vulnerability to
       | law enforcement and establishes traceability. But if a crypto
       | exchange recognizes fish bladders and chemical stocks as
       | exchanged currencies, that risk would be reduced (leaving the
       | visibility on a public blockchain as a problem).
        
         | janalsncm wrote:
         | The article they link has some more info on the mechanism.
         | 
         | http://www.chinaknowledge.de/History/Terms/feiqian.html
         | 
         | Ultimately crypto is trying to solve the same problem, keeping
         | track of transactions on a ledger. Different cryptocurrencies
         | have different levels of anonymity. Monero is probably more
         | private than bitcoin (not an expert).
         | 
         | But yeah to me it seems like they could've written the same
         | article and replaced flying money with crypto and it's the same
         | problem. Can't share info with Chinese cops because of national
         | security but if you ask me 81k dead per year (plus funding
         | Mexican cartels) is a national security issue too.
        
           | LorenPechtel wrote:
           | Yup. I think it's a fundamentally unsolvable problem without
           | huge government intrusion into people's lives. Prohibiting
           | transactions with willing buyers and willing sellers is
           | extremely difficult.
        
       | 01HNNWZ0MV43FF wrote:
       | Cash is good though
        
         | victorbjorklund wrote:
         | It is not that easy to move 100k in cash from say US to Iran.
        
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       (page generated 2025-06-27 23:02 UTC)