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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, banki
by 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 agoI'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.