It’s not a problem to get large sums of money out of money:
create a foundation, allow donations, get a few donations in monero, tada
spread it out to friends and family, let them take out the money in cash, receive money
Probably if you are able to fly to a country where there’s lax rules on crypto exchanges and residency, you can get an address there, sign up for an exchange and get the monero out in that currency.
I’m sure if you asked a tax advisor how “optimize taxes” they’d give you a bunch of financial instruments to “not launder” money.
Honestly, these laws will probably mostly apply to people with large sums of money most normal people wouldn’t dream of transferring anonymously.
How do you even ban anonymous crypto? It’s anonymous 😅
CC BY-NC-SA 4.0
deleted by creator
It’s not a problem to get large sums of money out of money:
Probably if you are able to fly to a country where there’s lax rules on crypto exchanges and residency, you can get an address there, sign up for an exchange and get the monero out in that currency. I’m sure if you asked a tax advisor how “optimize taxes” they’d give you a bunch of financial instruments to “not launder” money.
Honestly, these laws will probably mostly apply to people with large sums of money most normal people wouldn’t dream of transferring anonymously.
CC BY-NC-SA 4.0
This is for businesses, and businesses are required to have proper accounting and audits.