The following two claims cannot both simultaneously be true: > I'm not sure what they are talking about either about running around regulations: know-your-cust

The following two claims cannot both simultaneously be true: > I'm not sure what they are talking about either about running around regulations: know-your-customer and anti-money laundering is practically required at all exchanges and brokers. There have been reports of this actually working to stop crime money from moving, or stolen money from being sold off. and > I can tell people who enjoyed this they can send money to bc1qeqc0rt4476ffuet6cl6r3a4ft5wts6ra0jhh7f, and they can do so, from anywhere in the world, at any time of the day, from any device, using software of their choice, and any amount they wish, with no restrictions applied. It may be true that most people who enjoyed this can send money to that address with no restrictions, and that anti-money-laundering regulations still have teeth. But that's not specific to cryptocurrency. I can say the same about fiat currency: almost anyone can send US dollars to $geofft on Cash App (or send to me on PayPal, or do an international bank transfer, or whatever). If it is true that literally everyone can send literally any amount they wish to that address with literally no restrictions, then restrictions on the flow of money such as anti-money-laundering laws, attempts to recover stolen money, embargoes, or simply taxes (which, to be clear, I'm not taking a universal moral stance on, there are some that are good and some that are bad) plainly cannot be enforced. Perhaps the argument is that in the short term, cryptocurrency is subject to those laws because people use it as a transfer mechanism for money they ultimately want to receive and spend as fiat currency, and at those boundaries, the laws of the fiat provider apply. But treating that as an essential long-term property of cryptocurrency undermines so much of the argument towards using cryptocurrency. Or put another way: it is baffling to see KYC/AML compliance touted as a feature of cryptocurrency to appeal to political interests when any mandatory compliance to any one country's monetary laws would so obviously be a bug in technical terms.