3 ms·
A lot (most?) of main street traders never even transfer their coins out of the exchange so I'm not sure if increased KYC when transferring would even make much
by solotronics 6y ago
A lot (most?) of main street traders never even transfer their coins out of the exchange so I'm not sure if increased KYC when transferring would even make much impact.
- 3np 6y agoIndeed - which is why regulators are much more likely to push in that direction - make self-custody a regulatory minefield, denormalizing managing your own keys. And effectively reaching the same goal (complete oversight and control over funds and transactions). I'm concerned if it continues in this direction, holding your own keys will be viewed as suspicious and seen as attempt to money laundering, further raising the barrier for people not to have their funds controlled and transactions monitored bu the incumbents.