I converted 800 bitcoins into cash one time back in the day through BitPay.
That was before the Stazi stuff though.
That was before the Stazi stuff though.
That was probably before they realized the legal implications of doing that.
Suspicions were raised in another thread that a certain mining equipment manufacturer used BitPay to convert 1 M $ worth of bitcoin to dollars (without BitPay's knowledge, hopefully) by simulating a purchase of 1 M $ of equipment by a "customer" who was in fact the manufacturer itself. (Bitcoins that, allegedly, had been mined by the manufacturer on equipment that it should have delivered to other prepaying customers months before...)