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I suggest you read how Monero works. The people in control of the funds won't need to answer any questions about the origin in order to cash out because the ori
by 22c 5y ago
I suggest you read how Monero works. The people in control of the funds won't need to answer any questions about the origin in order to cash out because the origin of the funds are not known to the network. When they transfer their funds to a fiat off-ramp, the source of those XMR will not be known to the fiat off-ramp, so there is no way anyone can answer any questions about their source because it's simply not known to any receiving party.
- rosndo 5y agoI know how Monero works. In fact, I’ve made several commits. > The people in control of the funds won't need to answer any questions about the origin in order to cash out because the origin of the funds are not known to the network You misunderstand how AML/KYC laws work.
- 22c 5y agoI've cashed out Monero and I've also sent Monero to someone else in exchange for cash in hand. At no point did I need to reveal to any party what address I received those XMR on. There is no KYC process that I know of which asks for "the address you received your XMR on".