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diathtoday at 12:37 PM1 replyview on HN

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.


Replies

lionkortoday at 1:49 PM

Oh yeah, this isn't about large sums, this is about "I need money to live there for a month".

However, with a lot of BTC trading sites, you get money from real people's accounts, so its not that crazy as long as the amounts are low.