[arevno]

You can do it on Kraken just fine. As long as you're ok paying taxes on it (since Kraken is KYC), you're still shielding the source of the funds, which is the primary utility of Monero.

Or to put it another way, it's good for "money laundering", but not "tax evasion".

[stef25]

Why would Kraken just accept 100K worth of Monero coming in and sent out as fiat to a bank account ?

[red-iron-pine]

cuz they get their cut and there is nothing anyone can do to unmask that transfer or prove that it's, fundamentally, fraudulent.

IRS or CRA is getting their cut, so it's the regulator or the FBI's problem