For exchanges, ICOs that collect KYC information, when are they required to send information to the government.
If I remember correctly, in the US if you make a money transaction, such as through Western Union, or bank, $3,000+, within the same day, or smaller amounts during consecutive days, the institution must collect your ID information and Social Security and report it to the government. I forget which entity of the government.
Does that mean that if one participates in an ICO and puts in over $3,000, that gets reported to the government? Or if you move $3,000 out of an exchange, that gets reported?
Of course, any amount of financial transactions in excess of a certain amount determined by specific states is reported to certain state bodies. It depends on the requirements of a particular state. After all, there are different laws and regulations in each state. However, I do not think that all states require the stock exchanges to inform them of the financial operations carried out by their citizens. As well the sums on which these operations are made, can be different. In addition, some states do not require exchanges to collect information about the financial operations of their citizens. It all depends on the national legislation of a particular country.