3 ms·

Yup. It's really quite simple - focus on the USD on-ramps and off-ramps.

• lagadu 9y ago
  It's effectively the only way to do it but the way around it is fairly simple: use a bank account on another country, one that is OK with crypto along with non-US based exchanges.
  • vkou 9y ago
    Most non-US banks are really, really, really disinterested in dealing with US citizens, because of the regulatory burdens. Unless you're pushing tens or hundreds of millions of dollars around, they'll probably tell you to go pound sand.
    • lagadu 9y ago
      I see, I was unaware of that.
  • JumpCrisscross 9y ago
    > the way around it is fairly simple: use a bank account on another country Willful money laundering isn't a "simple" risk-reward decision.
    • lagadu 9y ago
      I wasn't describing that with the intent of laundering money, I mean simply having money in a different jurisdiction and using it locally. I can use my cards from different countries (I've lived in a bunch of different places) pretty much anywhere around the world, the money I have there in those currencies is subject first and foremost to local laws.
  • piracykills 9y ago
    Of course it won't stop trade completely, but it could tank the price and cause interest to drop off as that's significantly higher effort than "sign up here, use your credit card or bank account directly".