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A comment on Ask HN: Feel bad about working in crypto, what to do?. Parent comment

Re:Ask HN: Feel bad about working in crypto, what to do? by atmosx on Monday June 20, 2022 @12:19PM (#31812132)
> I can take any amount of my dollars in my bank, convert them to a decentralized stablecoin (and I'm not talking shit like UST), fly to another country, and then access those funds locally without anyone telling me what I can and cannot do.

That's like: https://xkcd.com/538/

Are we talking about 2k USDs or meaningful sums like 300k or 10 million? Because banks in many countries (e.g. mine) have outright ban transactions with BTC-related websites (e.g. crypto exchanges) using their accounts... So assuming you find someone who'll be able to verse 1 million USD to your account (can/will coinbase do that? not in theory, in practice... or ask you 15 days to put the money together?), you'll have to convince the bank to accept and hand you the money. Then explain where did these came from. Good luck with that.

[ Parent | on HN ]
Re:Ask HN: Feel bad about working in crypto, what to do? by latchkey on Monday June 20, 2022 @11:24PM (#31819503)
If you're carrying cash into a country, it is very easy to lose it at the airport given that they are looking for people carrying a lot of cash and have machines to detect these things.

There are private OTC desks of all sizes, all over the place, if you know where to look.

[ Parent | on HN ]