>Among other useful properties, digital currency allows individuals to move their money across borders without anyone asking them where it came from, where it is going and taking a cut.
A.K.A. Money laundering. Got it.
A.K.A. Money laundering. Got it.
[1] https://www.wsj.com/livecoverage/russia-ukraine-latest-news-...
Walks like a duck, quacks like a duck...
Walks like a duck, quacks like a duck…
Eg, the easiest way for a US person to buy Bitcoin is through Coinbase who will gladly charge you a fee, which is entirely justifiable because they're facilitating the transaction. Without them there's no transaction. So Coinbase takes their cut, same as everybody else in the system.
https://www.irs.gov/irm/part9/irm_09-005-005#idm139929132514...
""" transfers [...] a monetary instrument or funds from a place in the United States to or through a place outside the United States [...] to avoid a Federal or state transaction reporting requirement. """