A nice way to transfer money to clandestine operations world-wide, risk-free, for example.
For example, to fund a spy in China, you'd need to pay him in Yuan but the Yuan is a highly controlled currency... and guess what e-currency is highly popular in China? Bitcoin.
Just transfer your spy a couple of btc and have him trade the btc for local currency, in an eyeblink. Prior to btc, e.g. the CIA and other spy agencies had to fly in (and hand over!) literal bags of cash.
Guess this is why the Chinese government tried to crack down on BTC so hard, aside from the fact that BTC allows bypassing their currency controls and an outflow of money.
Is there any evidence the CIA and other spy agencies don't still use bags of cash? There are some arbitrary things that spy agencies are pretty low-tech about.
> For example, to fund a spy in China, you'd need to pay him in Yuan but the Yuan is a highly controlled currency... and guess what e-currency is highly popular in China?
AliPay. Can any "e-currency" actually be described as "highly popular"? Sure Bitcoin is the most popular, but that doesn't mean that it's popular. Let's put it this way. My parents know what ApplePay is. They've never even heard of Bitcoin.
A nice way to transfer money to clandestine operations world-wide, risk-free, for example.
For example, to fund a spy in China, you'd need to pay him in Yuan but the Yuan is a highly controlled currency... and guess what e-currency is highly popular in China? Bitcoin.
Just transfer your spy a couple of btc and have him trade the btc for local currency, in an eyeblink. Prior to btc, e.g. the CIA and other spy agencies had to fly in (and hand over!) literal bags of cash.
Guess this is why the Chinese government tried to crack down on BTC so hard, aside from the fact that BTC allows bypassing their currency controls and an outflow of money.