4 ms·
No, it's not enforceable by the algorithm it's enforceable by the "we lock you up because you just sent $10m to Pablo Escobar" guys.
by Traster 6y ago
No, it's not enforceable by the algorithm it's enforceable by the "we lock you up because you just sent $10m to Pablo Escobar" guys.
- sp332 6y agoKYC is expected of banks or exchanges, centralized places with lots of transactions. And a person can punished just for running a bank without registering their identity (along with a bunch of other paperwork) beforehand. It makes no sense for the Treasury to spend time hunting down thousands of individuals for transactions that are mostly in the tens of dollars.