New California law limits cash to crypto at ATM machines at $1000 per day per person and also the fees that can be imposed by the machines.
The industry says this will hurt the business, hinting that they’re profiting from the lack of KYC policies
I don’t see any legitimate use from those machines. Who would have a legit need to exchange $15k from cash to crypto at 33% fees???
The way the value of a wallet is calculated is by the sum of previous transactions. For a transaction to be verified, previous transactions must be summed to show a positive balance larger than the payment. That means all previous transactions made by that wallet are publicly available and linkable.
If they were not, then there would be no way to verify that your wallet had enough value to make a transaction.
If all transactions are linkable to a wallet, than one real world link can be used to link all previous transactions.
Ergo, not anonymous.