If they send it to another wallet, it can still be traced back to the Coinbase purchase that is connected to the account holder’s identity. This should not concern most investors because Bitcoin is legal in the U.S. and most other developed countries.
Read moreIs cryptocurrency illegal in USA?
Bitcoin is not illegal in the U.S. How you can buy it, what services and exchanges you can use and what you can use it for might depend on which state you are in, however.
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