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I was ready to come in and prove you wrong but I found this in the Steam Support FAQ: >Will you be asking me to provide tax information to you, and/or will you

I was ready to come in and prove you wrong but I found this in the Steam Support FAQ: >Will you be asking me to provide tax information to you, and/or will you be providing 1099’s based on my transactions in the Community Market? No. Previously we required that U.S. citizens and residents provide us with certain information, including name, address and social security number, prior to exceeding 200 separate sales transactions in a calendar year. We have concluded that this information is not required and we will no longer be asking you for this information as part of Community Market participation. We will also not be providing IRS Form 1099’s with respect to sales activity in the Community Market. With that in mind, it seems like you can money launder fairly easily, right? I thought that the 1099s were the primary blocker to that.

Randosaurus 5y ago
Most places have stopped asking me to sign when I make a purchase less than $X with my debit card (Generally around $25). Their thought process is that it's much faster cycling people through and the risk of money loss isn't worth the loss in throughput. What you quoted is specifically for less than 200 transactions in a calendar year. The implication being that any account involving 200 or more transactions in a calendar year will need that information. Which brings about two points. 1. Exactly how much money can someone launder buying < 200 csgo skins in a calendar year (are we arguing that they're paying $50k per skin?), and 2. How exactly does the idea that they've decided to take on some risk to decrease friction incompatible with not wanting to deal with NFT's, which *COULD* conceivably go for $50k a pop.