Cryptocurrency regulation is being discussed in the US, in the EU, in Russia.

50% millenials hold crypto in the US https://cointelegraph.com/news/low-millennial-financial-well...

Top cryptocurrency users are in Vietnam, Pakistan, Ukraine and India https://blog.chainalysis.com/reports/2021-global-crypto-adop...

While cryptocurrencies may not matter for you, or people around you that you identify as normal, based on the facts the topic matters a lot for lawmakers, politicians and large audiences you may not know.

50% of millenials is not 50% of the voting public. And yes, regulation is being discussed, that's what this article is all about. For pretty good reasons, the whole idea that there would be a forever unregulated way to transfer vast sums of money instantly is a pipe dream at best.

The article is about setting the reporting threshold to zero, not to some meaningful number that would prevent crime. What would be a comfortable purchase amount for you that you would like to have someone else to read your receipts?

For the perspective, the FAFT recommendation is $1000.

That reporting threshold is a direct consequence of tricks like mixers and other anonymizers. It is a neat tech trick but it is also just another form of smurfing / structuring.

Do you think there could better ways to automate smurfing detection that setting the reporting threshold to zero?