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> It seems like, however, you will be more subject to taxation issues (Coinbase is likely going to report big transactions to the government) than to arbitrary
by smsm42 8y ago
> It seems like, however, you will be more subject to taxation issues (Coinbase is likely going to report big transactions to the government) than to arbitrary evaluations (that lead to frozen accounts) made by payment processors.
Definitely both. Banks have tons of "know your client" requirements. And in most cases, you wouldn't be large enough client so they'd bother to even call you before freezing your account on slightest suspicion.
- xrd 8y agoI stand corrected. It does seem like you are constrained in either case. Until you can do everything inside one of the cryptocurrency ecosystems, you will be indeed subject to the whims of the current financial system. That control bleeds into everything it touches.