> bitcoin is used but it is increasing difficult to cash out in a large way.
But its not? You can convert 50 million usd worth of bitcoin in one order without moving the market more than 1-1.5% and have a wire transfer to your bank account same day. This happens all day every day, with the markets getting deeper year by year.
Trash exchanges for retail have nothing to do with the infrastructure actually out there. If you are moving anything over 4 figures you shouldn't be trying to use retail exchanges. They're trash, slower, randomly flag stuff, and have higher fees.
As someone who sold Bitcoin on LocalBitcoins, and have 4 friends in federal prison (or detention), plus friends with millions in tainted BitCoin, this is not true.
Almost all illegal bitcoin stolen by hackers and ransomware is cashed out in countries with limited or no AML/KYC.
But its not? You can convert 50 million usd worth of bitcoin in one order without moving the market more than 1-1.5% and have a wire transfer to your bank account same day. This happens all day every day, with the markets getting deeper year by year.
Trash exchanges for retail have nothing to do with the infrastructure actually out there. If you are moving anything over 4 figures you shouldn't be trying to use retail exchanges. They're trash, slower, randomly flag stuff, and have higher fees.