I supposed one option you might have is to become a bitcoin cash atm source yourself.Anyone who did keep cash would be smart to take photos of all the bills serial numbers.Bitcoin acts as an online virtual currency that operates by person-to-person exchange without a bank or a central...
In the extremely unlikely event of FDIC failure, an event which has literally never occurred, the government would step in to rescue deposited funds.Something like localbitcoins is not an option for one who does not live somewhere with high liquidity and day trading like i need would not be possible.I understand your cryptography argument I think but nonetheless associating BTC with crime must become harder as time passes as it is with anything -- fog of history or whatever.
As with most cryptography problems, you have to assume that an attacker has near-unlimited resources, and more importantly basically unlimited time.In the wallet you can set a target amount of funds to be anonymized and it does it in the background.
Just like everyone has a banknote in his wallet that has been used for a criminal transaction or even sniffing coke with it.It has to be in the form of a bank draft or certified cheque.If they got robbed tue police could trace the bills anytime they showed up.Last fall the FBI shut down the notorious Silk Road black market website, arrested its founder for money laundering (among other charges), and confiscated the company.The process of physically getting money between you and an exchange is both expensive and slow.Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin.Its legal to buy a house for a ferrari or anything including bitcoin.
Be sure to talk with an tax accountant or better yet a tax attorney so your discussion are covered by attorney client priveledge (i guess.Almost all Bitcoin wallets rely on Bitcoin Core in one way or another.
You can buy an alt like XMR, that uses ring signatures to obfuscate the source and destination of the funds.essentially all the coins are untraceable and private.The poloce caught butch cassidy and the sundance kid because they traced the serial numbers of the bills they had robbed from the trains.If it looks like something that could maybe in some way be interpreted as structuring, the government is entitled to seize the entire thing without recourse.The seller received full current MtGox rates, and did not incur a single cent in fees.You can import your private keys into a Bitcoin Cash wallet here is the list of supporting wallets- Best Bitcoin Cash Wallets.Out of this list,.