Not especially keen on this idea because it leads onto other developments which can end in presumptive justice and confiscation by overly powerful authorities. The 10k limit or reporting rule in USA for example then expands into a law where people are accused of avoiding it if seen to be transferring 9000 in multiple amounts for example. People can and have been arrested and lost their cash take from a retail business just for the idea they might be drug dealers where all they did was sell retail products to customers mostly using cash. A victim of their own success they become suspects alongside criminals.
Its bad enough we have miscarriages of justice for actual crimes, to then introduce the possibility of thought crimes or presuming negatives for moving value whether its 900 or 1100 is quickly a disaster. This whole concept seeping into crypto is negative, similarly kyc is used aggressively against individuals caught in the cross fire of red tape between corporations and regulators.
Few rights are gifted to those now required to obey these arbitrary rules, though it seems harmless enough to begin with and even some positive it quickly becomes about big government and massive corporations crushing the people and small entities unable through size to fight back, trying to continue without becoming illegal or presumed criminal by simply existing and operating normally. Its kinda sad how this dilemma continues, Im sure better solutions exist then more rules
What are your thoughts in regards to dealing with large exit scams or money laundering in general? Do we just ignore them and let it happen? What if we could avoid them in the first place
