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bandushrew | 1 year ago

Except that you cant, in a practical sense.

I can sell crypto to anyone, anywhere.

That cannot be used to purchase anything, anywhere.

Its only useful for a very narrow subset.

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solumunus|1 year ago

It can be exchanged for other currencies.

ryan_lane|1 year ago

Which requires KYC in most places, and then you're going to start getting asked about the source of those funds. You'll also need to claim it on taxes, which if lied about will cause additional issues.

So, yeah, the "no questions asked" part is wrong. You can send money to anyone on earth, after a middleman takes a cut on your fiat exchange, the transfer, and the next fiat exchange, with questions asked, public for the world to see.