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Sure, users with some understanding of the tech can get a weak form of privacy (or at least plausible deniability) if they're careful about shuffling funds arou
by dlubarov 2y ago
Sure, users with some understanding of the tech can get a weak form of privacy (or at least plausible deniability) if they're careful about shuffling funds around different wallets.
Why should that be the limit? Are you against stronger forms of privacy? Sounds a bit like laws prohibiting the export of encryption software with >40 bits of security.
It does avoid KYC, but so does handing someone cash, and we haven't made that illegal yet.
- viraptor 2y ago> It does avoid KYC, but so does handing someone cash, and we haven't made that illegal yet. Using cash doesn't get you out of the KYC requirements. It's not a law about specific tech, but what you use the funds for.
- dlubarov 2y agoUsing cash generally means there's no need to involve a financial institution that KYC regulations would apply to.