Part 7/8:
- Accounting for Inflows: When cashing out through centralized exchanges, one must be prepared with a legitimate story regarding the sources of funds. Proper documentation is essential in this regard.
The potential consequences of not adhering to these caveats could embroil users in complicated legal situations or financial scrutiny.
Buying Peace of Mind
Although dealing with Monero requires a steep learning curve and understanding of privacy protocols, the reward can be significant: peace of mind. The intricacies involved with utilizing Monero as a strategic exit strategy from larger liabilities are worth the hurdles for many.