Quote from: Lucius on Today at 04:26:00 PM

Quote from: zasad@ on Today at 04:00:26 PM

A very interesting trend is AML.
If the CUS procedure is almost everywhere, then in a few years AML will also be mandatory. And many hodlers will have problems. And some businessmen will have to sell coins on the shadow market and legalize new coins.

The article does not mention AML anywhere, it is only about the fact that the rules regarding the registration of crypto companies in France should be tightened. Laws on money laundering are already mandatory throughout the EU, only some member states do not implement them in full, but allow transactions of a certain value to be made without KYC.

You are right that the article does not say about AML. Most crypto companies support the CUS and AML requirements, but the AML procedure is more complex.

Many companies do not check the source of funds, and AML bots only check traces of fraudulent or criminal cryptocurrencies

Quote from: Lucius on Today at 04:26:00 PM

Quote from: zasad@ on Today at 04:00:26 PM

A very interesting trend is AML.
If the CUS procedure is almost everywhere, then in a few years AML will also be mandatory. And many hodlers will have problems. And some businessmen will have to sell coins on the shadow market and legalize new coins.

Every serious business person respects the law and pays taxes, and I don't see any problem there for anyone, not even for ordinary people who legally trade with cryptocurrencies. Besides, why sell something at all if you can use it as currency - maybe not in France, but you can take your digital assets with you anywhere - go live in El Salvador or on an exotic trip to Boracay where no one will ask you about the origin of what you pay with.

Let's agree, are we following the law or not? Or we have 2 different wallets, one for legal use the other not.
If you go to another country and spend your cryptocurrencies there, and then other people spend your coins on illegal activities, then you may have problems with AML in your country.