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| ▲ | bluGill 2 hours ago | parent | next [-] | | In the US, transactions over $10,000 need to be reported regardless. I don't know laws in Europe, but I would expect they have something similar. Which is to say, you can accept envelopes of cash only for relatively small amounts of money before you are going to get in trouble yourself. The government doesn't like tax fraud, and without the ability to trace things, they can prove tax fraud just because if there was no tax fraud, you wouldn't have a certain amount of money. | | |
| ▲ | HWR_14 an hour ago | parent | next [-] | | You don't have to report all transactions over $10,000 in cash. Your bank, where you will probably want to keep the money, will report all transaction over $10,000. | |
| ▲ | nom an hour ago | parent | prev [-] | | i bet that payment option is used very rarely... its brilliant marketing that costs them almost nothing people really like to mention the cash envelope, whoever came up with it is a genius |
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| ▲ | mitxela 4 hours ago | parent | prev [-] | | Fully legal for any company to do this btw. They just don't want to. Even in the EU, taking XMR payments is legal, or buying things with XMR, or holding XMR - it's only illegal to list on exchanges. |
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