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If I sell BTC for $1m, the IRS/InsertGovAgencyHere will want to know where I got the $1m in BTC from. If I can point to an NFT that I 'sold' (after a dramatic
by djrogers 6y ago
If I sell BTC for $1m, the IRS/InsertGovAgencyHere will want to know where I got the $1m in BTC from. If I can point to an NFT that I 'sold' (after a dramatic rise in value) then I have a plausible source of that income.
That's the purpose of money laundering - to bring ill-gotten gains into the light so they can be used.