I am sorry but while I support IOCoin and feel there are advantages to not having anon in terms of merchant adoption the argument that the current financial institutions' anti money laundering controls actually work and we need some form of them in crypto is laughable. Looking into the news over the past couple of years there are reports of the biggest banks in the world engaging in money laundering with terrorists, criminals despite so called controls that are put it place (HSBC, JP Morgan, etc). I noticed Erik Barnett of the US Department of Homeland Security failed to mention that a lot of rich people's 'offshore' tax haven money ends up back in U.S. banks for investments. The dirty little secret in the U.S. is the laws have been written to make the U.S. a tax haven for foreign capital. Yet this foreign capital isn't included in any classification of money laundering as it would hurt the bottom line of U.S. banks. So the definition of 'criminal' seems to shift away from white collar crime to just blue collar crime and terrorist activity. And when some financial institution is caught a paltry fine is paid as restitution. Compare this flaccid response from law enforcement to the enforcement against Silk Road and you see where the priorities of both national governments and  law enforcement lay.

Another joke is the idea of financial 'self policing'. This policy led directly to the 2008 financial crisis and the bad behavior on wall st that continues still today. Also mentioning that there is public trust in current financial institutions is a joke as demonstrated by the recent bail in to save the Cypress banking system, a policy that sets a dangerous precedent for future financial crises.

And finally the point that anti money laundering controls are not burdensome can't be proven without vast injection of capital into the cryptocurrency market. Saying most bitcoin transactions are less than 1BTC is ridiculous since bitcoin is still not used as widely as fiat money. As more money pours into bitcoin and more assets are available for sale in bitcoin this will change.

While the IOteam wants anon to be purged from cryptocurrencies in general to do so would require a law enforcement apparatus that is global ins scope resulting in little more than a police state that stretches around the world and into everyone's homes and personal lives. I find the likelihood of that occurring without severe retribution/revolution very small.