Money Laundering

How does it work anons? If someone hypothetically wanted to launder crypto into fiat, how would they do it?

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take your trezor to a public laundromat to maintain anonymity and place it on spin cycle for 5 mins

Just pay the taxes & you'll never have to worry about you having to go to jail because you wanted to save a bit of money.

Also a very high chance of getting scammed & losing all using a dodgy crypto tax service.

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True that.
If you ever make it aka $1MM+ with less than $10k what is your problem with paying 20-30% tax ?
You will have to spend that money and you will trigger every alarm when you will fund your accounts with $1MM.
Or cash out using Local Bitcoin buyers. Small $10-15k lumps.. Risk is high though.

you can't anymore. localmonero and localbitcoin are filled with scammers and LEA. i guess your only choice would be to scramble everything to monero, then use coinbase to slowly deposit fiat into your bank. you'd pay taxes on it and hope you don't get questioned.

I'll tell you the real answer for 10k

Payfair. No kyc

No liquidity either

buy a shovel and 1,000 dollars of burrito supplies
go to forest and use shovel to dig big hole
throw burrito supplies in hole
shovel dirt back on supplies
throw shovel away
go back home and log sales of 10,000 dollars
you have just laundered 10,000 of dirty into 9,000 of clean

Remember that tax evasion is what they put Capone away for.

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