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This might be due to a rise in use of tracing services such as Chainalysis and Elliptic. Exchanges want to employ them to comply with AML but on the development
by Mengkudulangsat 6y ago
This might be due to a rise in use of tracing services such as Chainalysis and Elliptic. Exchanges want to employ them to comply with AML but on the development side, the community is actively working to neuter the efficacy of those services.
Once that happens, banking access might be withdrawn once again.
- aerique 6y agoBut hopefully by then there will be a substantial amount of money in cryptocurrencies.
- ashtonkem 6y agoI’ve said it before, Bitcoin is one of the least anonymous currencies ever devised. A permanent, public transaction log of every trade a wallet has ever made does not make anonymity easy. Sure, there are some techniques you can use (mixers, for example), but if any of your techniques are defeated in the future your entire transaction history will be unmasked forever, which is bad.
- bavell 6y agoTrue, but if you know what you're doing it's not that hard to reclaim anonymity with BTC. I'm mostly referring to mixing services here but of course there's more to it than that. Bit complicated but still not hard.