US wants to monitor intl crypto transactions over $250

[ThaWoj]

https://cointelegraph.com/news/us-aml-watchdog-wants-info-on-all-international-crypto-transactions-over-250

What you guys think about this?

[Ghenghis Kahn]

LOL How would they do this? It's like IRS offering chump change to hack Monero.

All international transactions over $250? Yeah Ok

[Arky]

Typical government over-reach. Big Brother spying on your affairs - they don't want to miss their cut - not unlike the Mafia business model.

If I sell a used lawnmower to my neighbor for $250 cash (peer to peer like the way crypto is supposed to work), no one else needs to know about it except he and I. The government wants to introduce a digital dollar so they can track everything you buy and sell, what comes in, what goes out....

[littlekona]

ATMs cracking down. went years sending direct via one ATM provider and just last week got a message from compliance that gambling prohibited and do again would be account termination