Post
Topic
Board Bitcoin Discussion
Re: CipherTrace Enters Race to Solve Crypto's FATF Compliance Headache
by
gentlemand
on 12/09/2019, 18:43:06 UTC
they even plan to designate mixers as financial institutions regulated under the bank secrecy act:

Can't say I'm surprised by that in the slightest.

What I would be interested to know is how an exchange or other service that has to yield to this would treat coins that come either from mixers that ignore this or are mixed crowd style a la Coinjoin. Would they be automatically obligated to reject them? Will there be a point where you need a completely unbroken trail to go anywhere near a centralised service?

It's same old fungibility question. Where does it begin and where does it end? I can see it becoming an impossible mess unless everyone's sensible.