The ones near me in SoCal let you liquidate 2.5K/day with an SMS verification and 360p selfie. In Europe you can do magnitudes higher and it's even laxer. Do the cameras actually turn people off? Hell no. Most people using the machines are networked mules sourced from Craigslist. What legit use case is there for paying the crazy 17-30% premiums if you have other options? Whales have always had OTC and the average dude can probably pay less in taxes selling on even a US-banked CEX.
I know a guy who owned a sizable exchange at one point in the 2010s. Today he wishes he had never stepped into the world. The real shot callers are a mix of CBOE quants and international organized crime players. The narratives exist for a reason.
I know a guy who owned a sizable exchange at one point in the 2010s. Today he wishes he had never stepped into the world. The real shot callers are a mix of CBOE quants and international organized crime players. The narratives exist for a reason.