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Can you explain to me the mechanics of how purchasing an NFT facilitates money laundering? You'd have to buy $23m of ETH with cash, which isn't as easy as it s
by missedthecue 5y ago
Can you explain to me the mechanics of how purchasing an NFT facilitates money laundering?
You'd have to buy $23m of ETH with cash, which isn't as easy as it seems, but then why is the NFT important? Just put the ETH through a tumbler and sell it. Withdraw to a bank account and tell the IRS you made a lucky investment.
- aahortwwy 5y agoNot an expert, but there was a post on HN recently which mentioned an exchange refusing to touch tumbled crypto.