Buying Nintendo eShop cards on Taobao You can often find them at 30% off, 20% off, or even 50% off. This is money laundering. Back when the Nintendo Switch first came out, and there was no KYC required to top up eShop cards, this kind of thing was even more rampant. This happened against the backdrop of Nintendo's stock price hitting historical lows, allowing money laundering to run unchecked. In the early days, it was the same with Steam and Apple gift cards—this kind of business existed. Domestic online games like 梦幻西游 (Fantasy Westward Journey) were even worse. In the crypto space, the only project that truly nailed this GameFi underlying logic was Big Time, back when they supported credit card payments and used a special USDC channel. Meme summer; DeFi summer; Bitcoin during the PoW era; casinos... the underlying logic is all the same: massive liquidity + money laundering. The money we make is just noise in the system. On a smaller scale, the tug-of-war between project teams and investors to launder public funds into their own pockets gave rise to airdrops, "yield farming summer," cross-chain bridges (also used for laundering), Hyperliquid, Pokymarket, staking... Back when Binance started, they allowed deposits and withdrawals of up to 1 BTC without KYC... I could talk about this all night. This is why even AI intermediary platforms issue proper invoices. They’re very likely to become the main players in this wave of money laundering. This is the underlying logic of the crypto space: a money laundering hub + casino. If the money launderers don’t enter the game, no matter how hard you try to build the casino, it’s all in vain.