Erf!? Most bitcoin exchanges require proof of identity, proof of residency, only accept wire transfer coming from the same identity as the owner of the account

Erf!? Most bitcoin exchanges require proof of identity, proof of residency, only accept wire transfer coming from the same identity as the owner of the account, etc. I wouldn't be surprised if they were soon to add a token sent by snailmail to the address given (like Poker sites in Europe do). Transaction of fiat to/from Bitcoin exchanges are basically one of the easiest thing to track. Many honest people are using Bitcoin exchanges and doing legitimate trading. Some may be doing "money laundering" just as criminals are using $100 and 500 EUR bills and are using highways. Most people using highways and bills are still honest people... This entire "Bitcoin is only about money laundering / selling cocaine" is getting a bit old (but maybe I misunderstood your message). I don't think VCs (and now business angels) would all be investing in Bitcoin / cryptocurrencies startups if they thought it was mostly money laundering.