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A comment on EU draft proposes identity requirement for cryptocurrency transactions. Parent comment

Re:EU draft proposes identity requirement for cryptocurrency... by miohtama on Friday February 18, 2022 @05:05PM (#30391732)
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.

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Re:EU draft proposes identity requirement for cryptocurrency... by jacquesm on Friday February 18, 2022 @06:13PM (#30392465)
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.
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Re:EU draft proposes identity requirement for cryptocurrency... by miohtama on Saturday February 19, 2022 @07:31AM (#30396647)
Do you think there could better ways to automate smurfing detection that setting the reporting threshold to zero?
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