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My understanding is that it's to comply with money-laundering laws. They limit the size of the transaction per-day and per-person. I haven't bought bitcoins (o
by paulgb 13y ago
My understanding is that it's to comply with money-laundering laws. They limit the size of the transaction per-day and per-person.
I haven't bought bitcoins (online or through an ATM), but it seems any purchase of bitcoins from any electronic money transfer would have the same issue of breaking anonymity. I suppose there are ways to anonymize the funds once you have them.
- nwh 13y agoThis is it really. There's a limit to the amount of cash they can do per person per day, and this is a way to ensure people don't go over the limit.