Quote from: alpine on April 13, 2012, 06:32 pmQuote" this should be declared and taxed but in practice it would be extremely difficult to detect unless you were stupid enough to transfer large unexplained sums of money to your bank accoun "now i would taxes but how much is to much to put into the bank? I heard over 10,000 gets reported to the irs so I am guessing putting in over 10,000 at one time would not be good. and if its gets reported what does that mean? if its not illegal then i guess not much would happen besides paying tax.I was reading that Police are empowered to confiscate assets they suspect are the result of drug dealing. There is a red flag for sums over a certain amount (although it's much lower here in the UK) which might warrant further investigation. Since our strongest defence is our anonymity I would suggest using your Bitcoins to buy cash / precious metals rather than withdraw large sums to your account.I should hold my hands up at this stage and say I'm planning to offer this service in the near future but it doesn't make it any less of a good idea! :-)V.