zlacker

[parent] [thread] 2 comments
1. openha+(OP)[view] [source] 2022-02-08 18:12:44
Good points! Thorchain (a non-custodial service) claims 1.9B total swap volume. So, while not viable today for billions of dollars, the Bitcoin -> Thorchain -> Tornado Cash pathway seems to be viable for smaller amounts. Which doesn't necessarily bode well for recovering stolen bitcoin (and other crypto) in the future.

A thief still has to figure out how to convert crypto to fiat. But I am assuming that there are jurisdictions where this is possible without KYC.

replies(1): >>Alexan+Z3
2. Alexan+Z3[view] [source] 2022-02-08 18:27:49
>>openha+(OP)
Once you have crypto in a clean account, what's the problem with providing KYC to convert it to fiat through any exchange?
replies(1): >>openha+e8
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3. openha+e8[view] [source] [discussion] 2022-02-08 18:46:41
>>Alexan+Z3
I was thinking that there are probably thresholds that trigger alarms when large amounts of crypto are converted to fiat. If crypto is coming from a clean address, there is not evidence of illegal activity. But there is still the question of where those funds originated. So I am not sure if government entities can seize those assets...
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