P2P services

[OakBarn]

How much are peer to peer services being monitored by the governement? What amounts would they go after you for selling?

When you pay cash by mail do they use your return address as part of the KYC?

[Harlot]

How much are peer to peer services being monitored by the governement? What amounts would they go after you for selling?

They are monitored the same way as the ones regulated by any government, they don't particularly focus on some specific crypto busines since if it involved securities/assets like cryptocurrencies they will undergo the same process as the other crypto exchanges in the market right now and that usually goes with KYC requirements and AML enforcements and sometimes random reports from these businesses about "unusual transactions" of their clients. For them being heavily monitored or not depends if they are fulfilling the requirements of their operations being legal like how LocalBitcoins and ShapeShift.io suddenly required KYC for there services, it is because they suddenly became more popular that's why they got notice by the government.

[gentlemand]

Any high volume P2P participant would be very stupid not to be recording and reporting every trade they make, especially in the US. Even if you find a site that claims not to be monitoring you might be dealing with an individual who does.

[avikz]

How much are peer to peer services being monitored by the governement? What amounts would they go after you for selling?

When you pay cash by mail do they use your return address as part of the KYC?

Cash still has some sort of anonymity from government. So if you want to do high volume cash trading, always do it in person, don't use cash by mail services. This way you will be somewhat secure. Bank account transfers is only advised if you can justify the origin of the fund, otherwise not!

For p2p trading, I would advice to execute small trades over a period of time.

[figmentofmyass]

How much are peer to peer services being monitored by the governement? What amounts would they go after you for selling?

When you pay cash by mail do they use your return address as part of the KYC?

that would generally be insufficient for KYC. i haven't seen people doing cash by mail in years anyway.

this is all dependent on where you live and do business, but in the USA the lowest MSB reporting threshold is $2000. that means at $2k or above, you should probably be collecting name, address, government ID, taxpayer ID, and date of birth. https://www.fincen.gov/money-services-business-msb-suspicious-activity-reporting

all of the cases i've seen where localbitcoins traders were arrested/charged involved high volume traders dealing in single transactions above $10k without AML/KYC. >$10k requires mandatory CTR reporting so it's an obvious threshold to be careful of. https://en.wikipedia.org/wiki/Currency_transaction_report