- Jun 25, 2017
- 1,361
- 6,177
The money you have in the bank is "yours". You can get your account closed, seized etc.I didn't know about the company/merchant. In this case, can I ask why crypto?![]()
With crypto, if you're the only one with the seed, that can't happen. (Which isn't the case of these merchants, unless they withdraw the crypto to one of their wallets)
Regarding Patreon, the only way it would work was if they never intended to sell that crypto for fiat. That way they could do whatever they want and they could just make their payment processor that abides by 0 rules.
On a side note, regarding AML, anyone using crypto for ilicit stuff is an idiot, its as easy to track as in trad finance. Cash is still king for shitty practices, which just makes it hilarious when sub 80 iq politicians talk about crypto and money laundering.