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Once the person sells euros for bitcoins, he can spend these coins much more easily anywhere. He can: 1. Mix coins with others to make it impossible to trace w
by oleganza 13y ago
Once the person sells euros for bitcoins, he can spend these coins much more easily anywhere. He can:
1. Mix coins with others to make it impossible to trace where he spends them.
2. Pay someone for labour.
3. Buy any digital product or service online from anyone in the world.
4. Buy something delivered to his door via postal service.
5. Pay for small purchases like with cash.
6. Buy some assets in another country.
Each of these activities are really hard to monitor or affect.
Some activities are easier to regulate. If you are going to buy some AAPL shares or a house, you'd have to tell government something about yourself or the source of your income.