> This feels like it wouldn't square with Know-Your-Customer requirements My understanding is that exchanges would do their due diligence before exchanging you

> This feels like it wouldn't square with Know-Your-Customer requirements My understanding is that exchanges would do their due diligence before exchanging your fiat for tokens, and separately shops may do due diligance if necessary before accepting your tokens; the exchange does not know that you performed a transaction at this shop, and the shop does not know with whom you exchange[0], but both those relationships have separately done due diligence. In particular I don't believe there could be a such thing as a "darknet shop" or "darknet exchange" using Taler. If any one entity is not following regulations, it should be possible to track them down and subject them to the law. If a merchant isn't following regulations, then they can't redeem their tokens to fiat at the exchange. If the exchange isn't following regulations, then the auditor/government shuts them down. [0] not sure about this one