id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
blog-dshr-org-5245		DSHR's Blog: Mining Is Money Transmission (Updated)			.html	text/html	3003	418	79	In How to Start Disrupting Cryptocurrencies: "Mining" Is Money Transmission, Nicholas Weaver makes an important point that seems to have been overlooked (my emphasis): This basic observation — that cryptocurrency miners, no matter the cryptocurrency itself, are money transmitters and should be treated as such — would effectively outlaw Bitcoin, Ethereum and other cryptocurrency mining in most of the world. Update July 4th: Three days after I posted this, Nicholas Weaver co-authored a follow-up article with Bruice Schneier entitled How to Cut Down on Ransomware Attacks Without Banning Bitcoin which is also well worth reading. Any banked exchange that cares about enforcing money laundering laws must consider all significant net sellers of cryptocurrencies as potential criminals and report them to both incountry and U.S. financial authorities. Thus any exchange account buying or selling Monero (or one of the smaller anonymous cryptocurrencies such as Zcash) falls under suspicion of crimes such as ransomware or money laundering, and should be reported.	./cache/blog-dshr-org-5245.html	./txt/blog-dshr-org-5245.txt