6 ms·
Seems to be the case that the conversion to fiat is the part that is difficult to do while staying anonymous
by rajamaka 10mo ago
Seems to be the case that the conversion to fiat is the part that is difficult to do while staying anonymous
- Ms-J 10mo agoAs long as one takes moderate measures to stay anonymous on the network level, an exchange that is P2P or doesn't force KYC can be used to convert. There are many of them out there. Fees may be higher is a note.
- chistev 10mo agoBut without p2p there is greater risk of scam?
- arevno 10mo agoYou can do it on Kraken just fine. As long as you're ok paying taxes on it (since Kraken is KYC), you're still shielding the source of the funds, which is the primary utility of Monero. Or to put it another way, it's good for "money laundering", but not "tax evasion".
- stef25 10mo agoWhy would Kraken just accept 100K worth of Monero coming in and sent out as fiat to a bank account ?
- deleted 10mo ago[deleted]
- red-iron-pine 10mo agocuz they get their cut and there is nothing anyone can do to unmask that transfer or prove that it's, fundamentally, fraudulent. IRS or CRA is getting their cut, so it's the regulator or the FBI's problem