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But, again, the same applies. I deposit btc or cash into a bank, even $50k, then I disclose its source to the authorities, with the paperwork. But by using a privacy service, I can comply with the law and protect myself from malicious actors
Go open a bank account right now and try to deposit a briefcase full of $50,000
I’ve done this. They ask you for the paperwork documenting the source of the funds. Just follow the process. It doesn’t matter if its fiat or crypto.
That doesn’t apply to small amounts below $10k
But, again, the same applies. I deposit btc or cash into a bank, even $50k, then I disclose its source to the authorities, with the paperwork. But by using a privacy service, I can comply with the law and protect myself from malicious actors
I’ve done this. They ask you for the paperwork documenting the source of the funds. Just follow the process. It doesn’t matter if its fiat or crypto.