Replying to Avatar Satoshis Nephew

Not in this country.. if he listened and followed my instructions..

The reason they do it is they are scared of a bank run..

Obviously KYC platforms can in theory stop the withdrawal of BTC but if you smart you drip feed into the exchanges..

Side note.. all the money is taxed so it’s not like there is a possibility of tax evasion or something..
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Scoundrel 10mo ago

Yeah, but couldn't your relative have drip fed his money from his bank too?

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Satoshis Nephew 10mo ago

That’s what I told him to do.. he didn’t listen and now he has no access to his accounts until they are satisfied with paperwork.. basically debanking him until he agrees

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Scoundrel 10mo ago

So there's no difference then?

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Satoshis Nephew 10mo ago

No I think you missing the point… he was blocked recently.. I told him 2 years ago to start drip feeding into BTC.. at least he’d have ability to transact…