4 ms·

This is completely unenforceable.

• ben_w 5y ago
  For small amounts; large amounts tend to get noticed by what they end up buying, and that’s probably what they care about.
• BobbyJo 5y ago
  It's very enforceable, in a practical sense, for the majority of holders. Most people use services to exchange crypto for fiat. If you're in the EU, and use any such services, expect changes. For the people that it isn't enforceable for, they're stuck either moving countries, hodling eternally, or laundering the cash they get in return for their crypto assets.
• vkou 5y ago
  It's perfectly enforceable by asking exchanges to do KYC. Yes, you'll be able to break the law if you turn to a hawala payment system, but I can also break the law against murder by hiring a hitman. That doesn't mean laws against murder are completely uneforceable.
  • nly 5y ago
    Exchanges already do KYC but they don't generally ask you to explain all the crypto transactions that lead to your deposit