Quote from: larry_vw_1955 on Today at 04:39:04 AM

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..let alone not need to get value transferred from
digital currency->paper currency(check)->digital currency
which generates CTR and requires ID and yep takes 2 days to clear
(only amounts under $5.5k are same day no ID depending on bank)

you will find cashiers checks are actually more variable/complicated

well yeah i agree if you have your money in bitcoin then you would want to pay in bitcoin rather than convert it into fiat and then pay. but if the person you're paying wants fiat then you don't have a choice. and if they want fiat then at some endpoint, someone is going to be showing an ID. want fiat? show an ID.

you do have a choice.
like if you know your countries fiat laws have a policy that amounts of $100k defacto cause a CTR report to be sent when is a top tax office threshold that would trigger a full on deep investigation with the top IRS team.
then you would split funds into sub $100k amounts.

EG avoid:
you cashing out 5000btc $100m (causing massive investigation on you) where you have to supply lots of info..
you then splitting $100m fiat into lots of over $100k amounts to pay to customers

instead. inside bitcoin
you split the amounts into sub $100k amounts
move then to separate addressses. and have the customers shuffle things about in bitcoin and then exit via different exits themselves. so they dont trigger CTR reports on the customers.

so when paying out to different people this year you are only paying out sub $100k amounts to people thus not generate dozens of CTR reports. against you.
because its then those users who are doing the exits of under $100k individually. instead of you as a lump sum or fiat splits to then pay people

.. and if users are smart. they can declare those amounts as funds for [insert tax loophole] so they pay no tax on those amounts..

something you cannot do if you just exited with $100m in one lump and then done shuffling in the fiat arena to pay out to people