Disclaimer: Money laundering illegal. Don't do it.
With that out of the way, imagine that someone has illegally obtained 10 million dollars in the form of the untraceable cryptocurrency Monero. How does he bring this back into the normal economy?
It's obvious:
- Start a business selling e-books. Accept Monero.
- Buy your own e-books with Monero. Lots of copies.
- Pay income tax.
Since Monero is untraceable, money laundering is impossible to prove.
How are governments going to fight money laundering in this environment?
We are heading into some uncharted times IMO.
Dawg, the Gubment is smarter than you, and will Anally Rape your face.