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Does holding stablecoins require any sort of KYC? Or do I just need to maintain the security of a private key? If the latter, I think that explains why stable
by 0xDEAFBEAD 1y ago
Does holding stablecoins require any sort of KYC? Or do I just need to maintain the security of a private key?
If the latter, I think that explains why stablecoins are popular in countries with weak institutions.
In a country with strong laws, and strong rule-of-law, "Code is Law" is a solution in search of a problem. But in a country with weak laws, it can be a lifesaver.
- baq 1y agoI'd consider this more of an export of US law than 'Code is Law' TBH.
- bearl 1y agoCoins discourage if not undermine rule of law and weaken strong institutions. It’s the cat chasing it’s tail.
- 0xDEAFBEAD 1y agoWhat's the evidence for this?
- bearl 1y agoTheir usage.