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Try to move the same money in crypto and you'll be subject to the same reporting requirements when you try to convert it back into real money. You may not notic
by elil17 4y ago
Try to move the same money in crypto and you'll be subject to the same reporting requirements when you try to convert it back into real money. You may not notice that it's happening because it will be done while your ACH transfer goes through, but it is absolutely monitored.
- mgamache 4y agowhen you try to convert it back into real money Right, currently cash under $10K USD is loophole in the surveillance system and it will be closed in the future. If goods and services become denominated in BTC that will be "real money".
- elil17 4y agoBut they aren’t denominated in BTC? And there’s no reason to think they will be as so many businesses which have tried it have stopped because it was totally impractical due to unstable currency prices?