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I'm not some crypto evangelist, but as far as I know, crypto at its foundation is a lot less "watertight" in terms of ascertaining who is who. Your government c
by tavavex 1y ago
I'm not some crypto evangelist, but as far as I know, crypto at its foundation is a lot less "watertight" in terms of ascertaining who is who. Your government could pass laws to pressure your local money-to-crypto exchange service into complying with whatever regulation is needed. But they can't force the entire network of crpyto transactions to have real names tied to accounts, demand reasons for payment, discriminate based on what's being paid for, etc. So, circumventing payment processors' "grassroots" self-moderation requires finding a way to bypass basically the entire payment pipeline. Circumventing a hypothetical highly-regulated crypto environment just requires finding a way to sneak your money into the system. And there will probably be foreign or grey market services that don't care about what your specific country thinks.