Post
Topic
Board Bitcoin Discussion
Re: this is what every country will do
by
Reid
on 20/06/2019, 19:47:01 UTC
Exchanges or similar businesses will have to gather identity information about the buyer, while large operations over €15,000 ($16,919) will oblige them to inform Lithuania’s Financial Crime Investigation Service.

1 BTC = $9250

everyone who buys more than 2 BTC the exchanges will be obliged to inform Lithuania's Financial Crime Investigation Service


2 BTC is an exchange rule. The government will not let it go that way. What if the sudden price hike happens again like 20k USD per BTC. That will be a mess at their end if people will have a 2 BTC limit before they could be look at the AML.
40k USD is a large number in different countries, specially with poor ones.

Now, this could become the culprit for government employees to get out stolen money and also launder it.
So there will be a local exchange that will make the rule to submit information if you want a higher deposit/withdrawal amount.
The privacy wont be there anymore and also it will be the withdrawal part which will be difficult since crypto just keeps on increasing in value.