3 ms·

Can you explain the “never” in this assertion? Never is a strong word.

• Alex3917 9y ago
  It's illegal for banks to accept deposits of money without knowing how the person depositing the money got it. And this isn't just in the US, it's in every country worldwide. This means that if you're buying crypto assets behind just a couple hundred bucks to mess around with, you're going to want to work with a compliance officer, where every time you buy something you send them an email explaining exactly what you bought and how much you paid for it. Basically if you put a hundred bucks in Coinbase and you end up with a few thousand bucks then you're not going to run into any issues. But if try to drop $20M into a bank account they're going to tell you to get fucked.