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This article is about the explanation being sufficient but the bank deciding the prior owner had illegitimate earnings due to the prior use of a mixer so flagge
by vmception 5y ago
This article is about the explanation being sufficient but the bank deciding the prior owner had illegitimate earnings due to the prior use of a mixer so flagged it anyway.
So the way around that would be to further obfuscate and layer.
- WJW 5y agoDo you think the exchanges will throw up their hands and go "oh well tricked us you clever bastard, you go free now"? I think it is much more likely that, if they can't determine the origin of coins because it has been obfuscated so much, they will just block it just to be sure. Making crypto an unacceptable KYC/AML risk will not convince the banks to allow it anyway; that's just not how banks work.
- vmception 5y agoI do think that, yes, I know what technology they use to assign thresholds to transactions for flagging or freedom.
- WJW 5y agoI agree that at the moment it's probably not all that sophisticated, but with the incredible trackability of most crypto I don't hold much hope that there won't be mandatory blacklisting of "dirty" coins. I could easily see a couple of SAAS providers providing "AML compliance as a service" for various blockchains.