/biz/ - Business & Finance

>>56863287

>>56790335

How very organic.

>>55682506
>if you wanted to make that easier to discover you would just put the info in an image like this

Excellent idea, everybody knows how fun it is having to manually type URLs into a browser!

>>55161135
>> It's provably the result of orchestrated fraud and manipulation as opposed to organic supply and demand.

>So, who cares?
>Bitcoin Chads still get their lambo and fuck your bitch.

lol so how exactly do these Bitcoin Chads cash out their millions with low exit liquidity? Because remember, most of that "demand" doesn't actually exist hahahahaha

>>49253502

What is compliance theater, genius?

>Of course, you might be wondering: what is the point of developing and marketing a Monero tracing tool that doesn't actually work? The answer is simple: it's all compliance theater and CipherTrace's tool is merely a prop to be used accordingly. In their own press release they state:

>"The availability of this enhanced Monero tracing bolsters the viability of privacy coins for the long-term, assuring regulators that exchanges, OTC desks, and other virtual asset service providers will be able to comply with global Anti-Money Laundering requirements while continuing to accept Monero transactions."

>Pricing for source tracing of Monero transaction capabilities starts at $16,000 USD per year, per user, for existing licensed CipherTrace users at selected customers and agencies.

>So if you're an exchange and you want to make or keep Monero available to your customers you now need to be demonstrably proactive with regards to AML regulations and such and for the small sum of $16K per year CipherTrace can cover your ass and verify that you did indeed do everything you were supposed to, up to and including "monitoring" suspicious Monero transactions. Yeah, it didn't amount to anything but at least you tried, right? It's actually win-win for everybody involved: CipherTrace gets paid, the exchange is certified as compliant and Monero keeps being available to customers.

>And in the end it turns out that CipherTrace's little publicity stunt most definitely did not backfire on them: in early September 2021 it was revealed that MasterCard will be acquiring CipherTrace for an unknown amount (kek) of USD. Well played, gentlemen!