What's the issue in it?? Money laundering and terrorism financing is a big challenge in today's world, can you deny that fact??
is it? seriously, what are the facts? is it really necessary to report every personal transaction as small as $1000!? what is that going to accomplish? how is that gonna prevent terrorism? what it will do is create an incredibly large database cataloguing everything you've ever done financially. if the authorities ever want to come after you they'll find something in there.
you forgot to cross a "t" or dot an "i" one time? they're coming for you.
![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
When we blame government for non availability of required infrastructure, isn't it our duty as well to remain transparent with the government?
there are no requirements like this for cash until $10k. why are the reporting thresholds 10x lower for crypto?