Privacy

31938 readers

703 users here now

A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

In this community everyone is welcome to post links and discuss topics related to privacy.

Some Rules

Posting a link to a website containing tracking isn't great, if contents of the website are behind a paywall maybe copy them into the post
Don't promote proprietary software
Try to keep things on topic
If you have a question, please try searching for previous discussions, maybe it has already been answered
Reposts are fine, but should have at least a couple of weeks in between so that the post can reach a new audience
Be nice :)

Related communities

Chat rooms

[Matrix/Element]Dead
Discord

much thanks to @gary_host_laptop for the logo design :)

founded 5 years ago

MODERATORS

Dutch court convicts engineer to 5 years for maintaining crypto mixer Tornado Cash (www.patrick-breyer.de)

submitted 6 months ago* (last edited 6 months ago) by grandma@sh.itjust.works to c/privacy@lemmy.ml

95 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Serinus@lemmy.world -2 points 6 months ago (2 children)

I don't think you understand. Banks (or anyone who accepts large amounts of money) has a duty to have some idea of where that money comes from. There are anti money laundering laws.

Go open a bank account right now and try to deposit a briefcase full of $50,000 in cash and see what happens. You might, maybe be able to do it, but there will absolutely be questions.

[–] mister_monster@monero.town 2 points 6 months ago (1 children)

We know what the rules are dude, we are saying they're wrong.

[–] uis@lemm.ee 1 points 6 months ago

I think it will go to my quotes collection. "We know what the rules are, we are saying they're wrong".

[–] delirious_owl@discuss.online 1 points 6 months ago

That doesn't apply to small amounts below $10k

But, again, the same applies. I deposit btc or cash into a bank, even $50k, then I disclose its source to the authorities, with the paperwork. But by using a privacy service, I can comply with the law and protect myself from malicious actors

Go open a bank account right now and try to deposit a briefcase full of $50,000

I've done this. They ask you for the paperwork documenting the source of the funds. Just follow the process. It doesn't matter if its fiat or crypto.