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All of the legit Bitcoin-to-cash orgs will report that to the IRS, and then you're back to square one: what do you do with that wad of cash? Orgs that don't rep

All of the legit Bitcoin-to-cash orgs will report that to the IRS, and then you're back to square one: what do you do with that wad of cash? Orgs that don't report to the IRS probably aren't giving you a good exchange rate, and you're still left holding the bag afterward. If you're going through all that hassle, it's much easier just to be a cash-only business in the first place.

AnthonyMouse 3y ago
> you're back to square one: what do you do with that wad of cash? Keep it in a safe somewhere undisclosed instead of a retail storefront everybody knows is holding a ton of cash, or spend it. The point is that it moves the cash from the publicly visible location to somewhere nobody knows to rob.