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Tbh, the hit to omniscient funds traceability is not that different from what some financial institutions started to accept with Stablecoins already, i.e. a mod
by superzamp 3y ago
Tbh, the hit to omniscient funds traceability is not that different from what some financial institutions started to accept with Stablecoins already, i.e. a model where KYC/AML happens at the edges but not within the transaction graph itself. It's pleasantly surprising to see this model getting acceptance in the regulatory spheres.
- pyrale 3y ago> It's pleasantly surprising to see this model getting acceptance in the regulatory spheres. The only way this gains regulatory acceptance is if the KYC/AML regulation is moved to the audited exchange - I.E. less friction for authorities to get transaction informations, not more.