A place to discuss privacy and freedom in the digital world.
Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.
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If you have €50,000 worth of Monero, they can’t know and won’t care. If you transfer it to someone else you’ll be under the radar. If you try to cash out your Monero, they’ll find out and you’re in deep shit. Monero is worthless to most people if you you can’t exchange for fiat.
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.
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