How would the bank react to/handle you becoming crypto rich in a a few days and trying to desposit tens or hundreds of millions after cashing in?

Question

Surely if you just dropped 100 million in, something would happen.

In: Technology

Answer 1

Both the bank and your local government will enquire about the source of the funds, and it will be filed and taxed as whatever form of income is approximate in that jurisdiction, assuming the crypto sales are legal. I would imagine they would lock or severely restrict movement of the funds if it seems suspicious until you’re legally cleared.