Monitoring of Peer to Peer Services

How closely are P2P services watched by the government? Like, what kind of amounts would they target you for selling?

They’re monitored just like any other regulated business. It’s not that they’re picking on crypto specifically, but if you’re dealing with assets like crypto, you’ll face the same KYC and AML stuff as exchanges. Some random reports might come from these services about strange transactions too.

Any serious P2P trader needs to keep records of every transaction, especially in the US. Even if a platform claims no monitoring, you could still be in a risky situation with a user who does.

Cash has some anonymity still. If you’re trading a lot in cash, do it face-to-face, not through the mail. Much safer that way. Only use bank transfers if you can explain where the money’s from.

That’s not enough for KYC compliance. Honestly, I haven't seen anyone use cash by mail in ages. Depends on your location, but in the US, if a transaction hits $2000, you’ll need to gather personal info like name, ID, etc. Most arrests I’ve seen were for trades over $10k without proper KYC.