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I can send large sums of value across the world, in minutes, without going through a bank Oh, I can do that too. The problem is when I’m on the receiving side,
by wruza 5y ago
I can send large sums of value across the world, in minutes, without going through a bank
Oh, I can do that too. The problem is when I’m on the receiving side, because most goods are sold in fiat and I have a hard time explaining where this large sum of fiat came from to unfreeze my bank account.
You’re talking like bitcoin is a uncontrolled sea, and now that it’s there, it’s so easy to send a boat from Asia to North America. Problem is, North America is US and Canada, both running their border protection services. And there is just nothing in the sea itself.
- trixie_ 5y agoIf you have a hard time explaining where the money came from then yea they were right to freeze your bank account. The regulations and tax reporting requirements from the IRS at least are very clear. No problems at all with that.