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I don't see how that is relevant here. Wash trading is market, price, and reputation manipulation, not money laundering or tax evasion. I'm not sure Coinbase'

I don't see how that is relevant here. Wash trading is market, price, and reputation manipulation, not money laundering or tax evasion. I'm not sure Coinbase's need to report money laundering applies.

JumpCrisscross 5y ago
> Wash trading is market, price, and reputation manipulation, not money laundering or tax evasion A lot of money laundering involves wash trading. That's why institutions like Coinbase have systems in place to detect it. Non-laundering wash trades would get flagged by such a system. If it were systemic, it would almost certainly merit a SAR.
- bduerst 5y ago
  >A lot of money laundering involves wash trading. Citation needed, because wash trading and money laundering are not mutually inclusive. There are not controls in place for money laundering that detect wash trading, because crypto is not a regulated security.