Quote from: jrrsparkles on May 21, 2019, 12:23:34 PM

Quote from: darewaller on May 21, 2019, 11:57:52 AM

Quote from: pey on May 20, 2019, 01:43:43 PM

I know what you mean, the simple answer to that: you can't run away from the government. But if you talk about insignificant amount of money then it does not matter much.

Of course he can, he will perform his transaction in a clan way without the government tracing it to cryptocurrency, but hard cash will surely be involved, it is now left to him to explain to the bank when depositing how he got the cash if the amount is very significant for them to query.

All he needs to do is just involve a local exchanger, they will do all the dirty work for him, and then get him his cash once they get their own BTC. After all, government cannot even trace anything that is being done through the blockchain transaction, and since he will be depositing cash by hand, no one will be able to trace it too with that.

I don't know why people want to hide themselves from the eye of governments,if they are everything legally and obtained the money in right way then no need to worry about and also you have to pay the right taxes from the earnings or it also will be a punishble offence.

But lot of loopholes and underworld market available where we can pay extra and can get everything done in the way want.

I don't know about him, but sometimes in some countries the governments have not yet decided what kind of approach to take about cryptocurrencies and some people prefer to keep their privacy in case their government suddenly decided to take an aggressive approach in which case those with a lot of cryptocurrency related transactions can face a hard time and a lot of legal fees to solve something that could have been avoided.