4 ms·

Why not?

• csomar 6y ago
  You are going to be hit by KYC from Binance and the bank you are withdrawing the money to.
  • vidarh 6y ago
    The companies withdrawing the money in that scenario would be a number of legitimate luxury goods sellers. KYC would need to uncover that their customers, possibly through several layers of further indirection, have channeled illegitimate funds from North Korea.
    • csomar 6y ago
      There isn't a big market where people pay for luxury goods with Crypto. This is going to raise eyebrows. As much as the crypto landscape is the wild west, banking on/off crypto is incredibly hard.
      • vidarh 6y ago
        I'm not suggesting it wouldn't be hard. But the point is that if you've found somewhere to buy valuable goods for with Tether from a suspect source, then the KYC isn't your problem any more, it's theirs. And it's theirs only if your purchases make up a conspicuous enough portion of their order flow to cause their bank to take a closer look, and assuming that the way you did those purchases causes looking at the source of those order to raise further red flags. People will look just as hard as they have to in order to shift the risk to someone else.