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> do we really think that an entire nation state is unable to set up the apparatus to cheat a few measly KYC checks?

To withdraw a few thousand dollars? Easily. To withdraw 5 billion dollars of fiat? You'll face much more than "a few measly KYC checks."

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first of all it's 1.5bn, second of all they're obviously not going to withdraw it all in one account, they're going to find the absolute limit you withdraw from one account without hitting serious KYC, and then do that however many times they need to to withdraw the money

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