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They're not illegal in the US, although legality is much less relevant now with civil forfeiture laws, which do a run-around on due process.
by CryptoPunk 8y ago
They're not illegal in the US, although legality is much less relevant now with civil forfeiture laws, which do a run-around on due process.
- PeterisP 8y agoIn US, if you receive large quantities of cash in some transaction, you're generally required to report the identity of the counterparty (e.g. form 8300 https://www.irs.gov/pub/irs-pdf/f8300.pdf https://www.irs.gov/pub/irs-pdf/f8300.pdf or others depending on line of business). Keeping that cash deal anonymous would be illegal.