undefined | Better HN

0 pointsdmantis8mo ago0 comments

> For example Russia it is not legal to pay with crypto, and to cash it out allowed crypto exchanges must submit your transactions to the government etc otherwise they get blocked.

Sorry, but it's very naive to think that Russian people use only "allowed" crypto exchanges and comply with the laws. That would be an impossible country to live in.

Direct connections with people and being street-smart are important kinds of skills in such societies. And even without connections, you can easily go to some popular Russian exchange aggregators and find no-KYC options with cash delivery, as far as I know.

EDIT: I've actually just checked for you: starting from 10,000 USDT, you can cash out anonymously with cash delivery for 1% in Moscow right at this moment from a publicly accessible resource with reviews.

0 comments

throwaway2908mo ago

He "just checked for me" online and he thinks I'm the one naive

I'm from Russia. People who get paid tether travel out to cash in anonymously. I know because I know them. Believe me you don't want to gamble on this

> That would be an impossible country to live in.

Really? I have no words. Not being able to use crypto and it's now an impossible country to live in? How about this, people just use cash. 99.9999% of people cashing in loads of tether are criminals or connected to the government or both. Who do you think is so rich they just casually throw around tens thousands tether? On average a good salary is like 1k at best

dmantisOP8mo ago

Impossible to live in complying with all the Russian laws, not particularly a crypto one. Well, possible, but quite miserable experience.

So are you saying that people get paid in tether after the sentence that it's used 99.9% by the government only?

throwaway2908mo ago

Yes, I say government (or let's just say criminals) is at least 99.9% of all crypto moved. The war machine needs feeding. Sanctions. Think about it will other countries use worthless ruble that is pretty much not convertible? Will russia use winnie pooh money (also not convertible)? People who move tether because maybe they found some real work abroad or because they are helping a family or something is rounding error

2 more replies

j / k navigate · click thread line to collapse

0 pointsdmantis8mo ago0 comments

> For example Russia it is not legal to pay with crypto, and to cash it out allowed crypto exchanges must submit your transactions to the government etc otherwise they get blocked.

Sorry, but it's very naive to think that Russian people use only "allowed" crypto exchanges and comply with the laws. That would be an impossible country to live in.

0 comments

throwaway2908mo ago

He "just checked for me" online and he thinks I'm the one naive

I'm from Russia. People who get paid tether travel out to cash in anonymously. I know because I know them. Believe me you don't want to gamble on this

> That would be an impossible country to live in.

dmantisOP8mo ago

Impossible to live in complying with all the Russian laws, not particularly a crypto one. Well, possible, but quite miserable experience.

So are you saying that people get paid in tether after the sentence that it's used 99.9% by the government only?

throwaway2908mo ago

2 more replies

j / k navigate · click thread line to collapse