Hi everyone, I was wondering how it would work if someone took a loan from a service such as [celsius.network](https://celsius.network) or blockfi and put their bitcoin as collateral and then wanted to transfer that loan to their personal bank.
For example, Person A takes a 50k loan from blockfi and puts the crypto of their choice as collateral. They then want to transfer that 50k to their personal bank account. How would that work? Would the bank ask that person questions since it is over 10k? Are the banks aware of such services and wouldn’t give that person any trouble? Also how does this work tax wise? Thanks for any input.
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