Quote:
Originally Posted by afc wimbledon
I dont think you get any of this, the Government can outlaw any crypto exchanges, they dont need a name, all of it gets closed, no ATM's, no shady corner stores offering crypto along with a selection of bongs and king sized rolling papers, all of it gets closed, the weak point is not the owner of the crypto its the owner of the fiat exchanging the crypto, and no one is going to willing help with anything once its illegal unless you are happy to pay them 50% on the dollar, at that point exchanging crypto is no different than laundering drug money, you can do it but it costs a fortune
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But Azure can trade his BTC for XMR on a decentralized exchange. Move it from wallet to wallet to wallet to wallet to wallet. Fly to a foreign country. Transfer his XMR to a stranger and receive a duffle bag of foreign currency in return. Take his duffle bag to a foreign bank and create an account through a series of shell companies. He can then convert his foreign held funds to CAD, wire some to his Canadian bank account to cover his mortgage payment and pay off his food delivery orders on his credit card. Until the government freezes it at least.