Can I laundry money using bitcoins?
I was thinking about this, apparently yes and I can also bring this money to other countries without paying taxes easily. But it seems too good to be true. Am I missing something?
If you get paid directly in bitcoin or cash then I suppose you could. But putting money into bitcoin that has already had taxes deducted from your paycheck isn't laundering and if the money has been in any bank accounts, then the IRS will know it's there when they submit their reports.
>>1676282
Can you do your laundry with Buttcoin? No.
But you can launder money with Buttcoin.
Soon, no. Work behind the scenes.
>>1676287
i'm not getting "paid".
I have hard cash and I wanna buy bitcoins with it then leave the country and use this money somewhere else
>>1676299
The markets don't have enough liquidity and you'd have to assess the exchange to convert back into fiat currency. Since exchanges require users to adhere to KYC procedures; to criminals, it is not worth the risk. You'll always have to somehow justify the provenance and source in every scenario. In the event a blackpool appears, you'll def be on a list.
>>1676299
How did you get the cash?
The name of the Bitcoin game is for Russians & Chinks to trade you magic beans for your real fiat cash.
Good luck trying to exchange it back to fiat.
You sound like you have zero experience trying to trade bitcoins back into equivalent cash.
Once you do, you'll understand why people only use bitcoin to exchange a little at a time to buy illegal goods, and that nobody actually "invests" in bitcoins.
>>1676307
This isn't 2013 anymore.