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lionkortoday at 9:17 AM1 replyview on HN

That's the main legal use-case afaik. If you like travelling to a country that has no banking connection to your country, it might be more convenient to open a bank account or make friends in the target country and move money there via Bitcoin marketplaces. I've seen that plenty of times.


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diathtoday at 12:37 PM

How does that work? You transfer the money in BTC, you exchange that into real money, you open a new bank account, you deposit that money, the bank's anti-money-laundering detection sees a large deposit to a newly open account and triggers an alert, the bank locks you out of the account and asks you for a proof of income/tax payment, you have no explanation of where that money came from legally, they freeze your account and report you to their local revenue services, you're SOL.

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