Through practices known as the CoinJoin is how it is possible to ensure a high level of anonymity within transactions, using some known protocols such as Thor.
With the advancement of different regulations in the nature of compliance by the GAFI, the well-known International Financial Action Task Force.
This is how the obligations of exchanges are increasingly that they must comply with the different compliance regulations imposed by the different control bodies in terms of compliance, such as the case of the UIF in Argentina when applying KYC and AML regulations. , aimed at preventing money laundering, terrorism and economic crimes, requesting some measures as justification for the origin of funds.
Through the recommendations by the FATF with the applicability of the well-known Travel Rule 16 which tries that exchanges can report customer data, such as name, surname, ownership, beneficiary and address in operations in order to increase the level of transparency in the crypto market.
At this point a first question arises to think about: Can there be a balance point between anonymity as a characteristic factor of the crypto market and the FATF regulations aimed at seeking an increase in transparency in crypto market operations?
It is important to understand that the purpose of the regulations imposed by the FATF seeks to protect users and exchanges from possible liability for crimes such as money laundering among other types of existing crimes.
Even so, anonymity is one of the characteristics most sought after by users within the crypto world.
Only with the passage of time will we be able to understand how the FATF rules and the levels of transparency in relation to anonymity will coexist as a key rule of the crypto market.
Being able to see if both extremes will be able to reach a point of equilibrium in which the levels of transparency desired by regulators and the wishes of users to maintain anonymity are respected.
