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by electic 1324 days ago
I am going to go out on a limb here and say you have not moved any significant amount of money around, especially internationally. Trying moving $250,000, between the paperwork, back and forth, fees, it is a nightmare.
3 comments

I did it last year. Was not that hard.
If you want to legally move the money you still need to do paperwork and pay fees, as well as the additional slippage from introducing a third currency.
You really do not with Bitcoin. If there are local regulations with declaration, sure. But the fees are dramatically lower to move the funds than using banks.
We regularly wire our overseas suppliers > $100k. Costs $40 per transaction. Zero paperwork. Takes several hours for them to receive.
With Bitcoin: Costs $0.4 per transaction. Zero paperwork. Takes several minutes.
For our purposes (and most businesses), those are marginal improvements. And there's absolutely no way the very significant risks involved with handling cryptocurrency are worth it to us.
And you lose the right to effect any chargebacks if any errors happen anywhere in the process, including mistyping the receiver address. I would happily pay 0.04% for such a powerful insurance.
Are you sure you can charge back that bank transfer? In theory sure, but in practice?