Quote:
Originally Posted by Ferus
I would never recommend anyone doing that, because when you need to convert that Crypto to cash, and start spending the cash (if large ammount) you will have a hard time explaining where it came from, and (at least here in EU) that is a big problem. Anti money laundering procedures get tighter and tighter each year, and I would not risk it.
You can always sell it to someone in organized crime that need the money, but then you really get the kind of attention you dont like
If you are a small-timer/amateur ($10.000 a year or below) - then maybe
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I am not sure I agree with this.
All our bitcoin tranactions are fully recorded and audited. There is about the same chance of bitcoin going missing as cash.
Anyway, the point of the question isn't about anti money laundering it's about how to do recurring billing.