cryptocurrency/third world

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Joined: Fri Feb 10, 2017 10:03 pm

cryptocurrency/third world

Post by donaldbathe » Fri Feb 10, 2017 10:05 pm

i was chatting online with a cryptocurrency expert and this is what he told me when i asked him as to why when hackers steal like 300 million dollars or more they usually never tend to be living in the united states or canada,
ot really my area of expertise, but I will give it a shot.
I cannot speak for why the hackers are presumably in a country that is classified as third world, presumably because of lax security laws. However, most countries are signatory to Interpol and other law enforcement agencies and can extradite alleged criminals.
Where stolen bitcoins go, I have no idea, however, it is fair to assume they will try to either exchange and/or buy things so as to convert back to fiat. Some people / organizations may discount the value of the bitcoins to convert it back to fiat.
I am not privy to any secret financial authority that monitors hacked activity, however, all bitcoins brought/sold in the United States are tracked (as required by law) by all the legal exchanges and/or companies dealing in bitcoin. What inferences they (the law enforcement authorities) can get out of it, is anyone’s guess.
One would ideally never hack from the same country one is in, it is just way to easier to get in trouble with the local laws.

given his opinion, could someone say or prove him otherwise? why would only third world countries have lax security laws but not the u.s. or canada????????? rsvp

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