View Single Post
Old 12-04-2020, 07:31 AM  
Sergio
Confirmed User
 
Sergio's Avatar
 
Industry Role:
Join Date: Apr 2019
Location: US
Posts: 625
Quote:
Originally Posted by Ferus View Post
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
So it's impossible to get cash from crypto exchanger to your private bank account in europe now?
Sergio is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote