Crypto Implicated in Child Porn, Terrorism, French Official Says, Calling for End to Online Anonymity

Under these rules, known colloquially as the travel rule, conventional bank transfers need to identify parties involved in any transaction over 1,000 euros, with suspicious transactions passed on to the authorities. But lawmakers are leaning towards abolishing that lower threshold for crypto transactions because large digital payments can easily be broken up into smaller chunks that evade detection, a practice known as smurfing.