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I'll have to think on this for awhile. I think this rule will only apply, at least for now, to exchanges etc... in the KYC world.
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I'll have to think on this for awhile. I think this rule will only apply, at least for now, to exchanges etc... in the KYC world.
The full document of interest is here. The title of this post is perhaps a little disingenuous, as for now they are asking for reporting of each single transaction under these definitions. But the direction is clear....
"The critical challenge is that Convertible Virtual Currency (CVC) mixing services rarely, if ever, provide to regulators or law enforcement the resulting transactional chain or information collected as part of the transaction.
Mixing does not, however, wholly rely on the use of CVC mixers. There are certain
methods that CVC users—and CVC mixers—often employ in an effort to obfuscate their transactions. These methods include:"
Their 'logic' for enhanced reporting is here: