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No, you could buy bitcoins with unlaundered dollars, even with a credit card, and then launder the bitcoins themselves so that when you spend them they can't be
by weavejester 15y ago
No, you could buy bitcoins with unlaundered dollars, even with a credit card, and then launder the bitcoins themselves so that when you spend them they can't be traced back to the account you bought them with.
- hnsmurf 15y agoYou can do that but it would serve no purpose. If you bought $100k bitcoins on a credit card, now the IRS has a paper trail. They'll want to know where that $100k you paid the credit card bill came from. Even if you got the money in without being traced and spent them that's not laundering, it's tax evasion.
- weavejester 15y agoAh, I misunderstood what was being proposed.