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Ideally, you could afford to never have to convert your Moneros to cash.
by Blue111 4y ago
Ideally, you could afford to never have to convert your Moneros to cash.
- Teandw 4y agoWhat would be the point in having large amounts of valuable Monero if you could never use it properly? As in, if you tried to buy a house, you'd still need to go through money laundering checks. You'd always be limited to small value transactions if you never wanted to pass some sort of KYC/money laundering check at some point.
- Blue111 4y agoYou don't need money if everyone has Moneros (which is not money, according to the US gov...)... does KYC still apply if money isn't involved? I.E.: You got paid in Moneros, etc...