Given the new rules on transferring money from “unhosted wallets” (really, just a standard old school wallet) to USD exchanges it may be a bit harder to use these bitcoins in the medium term future.

When you go to cash out the standard wallet can’t provide a VASP number to the exchange to prove it has a AML chain of custody. So you’ll have to provide additional information about who the funds come from to the receiving exchange yourself.

See regulations 1506-AB41 and 1506-AB47