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by tzone 1985 days ago
I think you are few years behind from current state of the ecosystem. You can easily go from Eth -> renBTC (on Ethereum) -> BTC (on Bitcoin chain). None of those steps require KYC/AML or any kind of registration. You can move 100s of millions of dollars that way with very minimal slippage or fees.

It is very easy these days to go between Eth <-> BTC without any KYC/AML.