This is the limit of P2P bitcoin trading. Eventually, getting recurrent or large sums from random bank accounts will get your account flagged. Either your bank will close your account without warning or explanation, or these transactions will be reported to the tax authorities and you will be taxed on the « income ».
This is why bitcoin circular economy is crucial to living on a bitcoin standard in a no-KYC way.
#privacy #circulareconomy #p2p
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I know of people that got their accounts closed because they were withdrawing too much cash, or too frequently. Another after they credited their account with €7.000 from a car sale, even with all the proof documents.
Any time you touch a fiat account, you’re in their KYC/AML world, and P2P bitcoin isn’t part of it.
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