On: Marshall Islands warned against adopting digital currency

[badge]

Any basic search within the Bitcoin community and you'll find many many guides and services for Bitcoin money laundering:

https://old.reddit.com/r/CryptocoinMixing/

https://bitcointalk.org/index.php?topic=436467.0;all

https://darknetmarkets.org/a-simple-guide-to-safely-and-effe...

https://ethereum.stackexchange.com/questions/2699/is-there-a...

Vitalik Buterin himself has attempted a money laundering feature into the Ethereum Virtual Machine codebase: https://github.com/ethereum/serpent/blob/develop/examples/ec...

Another famous way to launder money as described in this post from a moderator on BitcoinTalk dated August 22, 2013, 02:32:31 AM [ https://bitcointalk.org/index.php?topic=279249.0 ] , is to give Bitcoin to a mining pool in return for renting their hashpower, in return for freshly minted coins:

https://www.nicehash.com/buy

[npongratz → badge]

Please forgive me if I'm being dense, but I was asking for a source to the claim that ShapeShift (in particular, since you singled them out above) could "easily" be used to launder "millions of dollars." After reading through these links, I'm still not convinced. Only one link you listed mentions ShapeShift, which to some credit, suggests a theoretical, many-step, multi-blockchain process for using ShapeShift in such a way.

My understanding still hasn't changed that "moving large amounts [with ShapeShift before AML/KYC] was difficult, impractical, slow, and exposed to a lot of market value risk," but I'm interested in evidence to the contrary.

[badge → npongratz]

  Sealioning (also spelled sea-lioning and sea lioning) is 
  a type of trolling or harassment which consists of 
  pursuing people with persistent requests for evidence or 
  repeated questions, while maintaining a pretense of 
  civility so as to discredit their target

ShapeShift was setup without any KYC/AML or login, thus it facilitated automation.

More obviously, the entire ecosystem is designed for money laundering. As evident the previous post, and any rudimentary search will turn up countless results on services or guides on using native wallet apps for Bitcoin or Monereo to mix and launder wallet addresses.