Reply to post: Re: But it is "money"

US Treasury wants to treat cryptocurrencies like cash – as in you need to report $10k+ transactions

Anonymous Coward
Anonymous Coward

Re: But it is "money"

It shouldn’t. Computers does most of the monitoring and looks for transaction patterns, such as making multiple small transfers to add up to the 10,000. These accounts get flagged for a human to review. Whom will then probably file an SAR with SEC. At least this was a case of the last brokerage firm I worked at.

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