They can track it just fine. It goes straight to North Korea.
replyHow do/did they get it out though?
replyrussia? others who dont care all that much?
replythe laundering wouldnt be all that hard to take those buttcoins on in exchange for clean ones.
business laundromats
replyuseful idiots in the US who buy crypto because "it's the future"
replyThese idiots can't.
replyBecause all the exchanges they'd use are regulated in some form and at least adhere to anti-moneylaundering-directives and boycotts, or they can't operate in the US and/or EU.
Sure, they could move to p2p exchanges or exchanges in unregulated jurisdictions, but that requires quite some effort and thought. Which, by definition, would exclude them from being "idiots".
Swap to XMR on a DEX, then juggle between a few wallets and you've got pretty good obfuscation, but yeah like you said, the off-ramp (FIAT) requires KYC in 99% of cases, which is why BTC -> XMR -> BTC is a good idea, obviously you'd fragment this through a LOT of wallets, or just keep it in XMR. Either way, keeping this type of money in crypto is pretty much your only option, you just need to obfuscate REALLY well.
replytornado cash?
replyedit: I suppose it would be hard still. You can get anonymity inside wallets with Tornado Cash but then to turn that into actual money it will be very dependent on the country
You cannot mix billions in TC
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