A fiat era concept that the OECD FATF is trying to shoe-horn into bitcoin and crypto. Basically VASPs are being treated the same as banks and are required to record (and presumably report) the originator and beneficiary of all transfers of digital assets, even if it’s only 1 sat. If this doesn’t make you want to stack sats P2P then I don’t know what will. kycnot.me Study #bitcoin