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misk@sopuli.xyz to Technology@lemmy.worldEnglish · 2 months ago

Buying a $250 Residency Card From a Tropical Island Let Me Bypass U.S. Crypto Laws

www.404media.co

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Buying a $250 Residency Card From a Tropical Island Let Me Bypass U.S. Crypto Laws

www.404media.co

misk@sopuli.xyz to Technology@lemmy.worldEnglish · 2 months ago
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U.S. traders are buying 'digital residency' in Palau to skirt restrictions on the amount of cryptocurrency they can withdraw and the exchanges they can use. Major exchanges have already banned the ID, fearing abuse.

Mirror: https://archive.is/2025.03.03-150311/https://www.404media.co/buying-a-250-residency-card-from-a-tropical-island-let-me-bypass-u-s-crypto-laws/

  • Revan343@lemmy.ca
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    2 months ago

    Well the use case for monero is usually buying drugs on the internet. As long as the war on drugs continues, it’ll be useful for that

    • BakerBagel@midwest.social
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      2 months ago

      And authorities are snatching up people using Monero to do crime.

      • kat@orbi.camp
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        2 months ago

        Only people relying on random public nodes. Better to run your own. Monero GUI is pretty clear about the risks when setting up wallet.

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