shawn on Nostr: “… there is little evidence that vastly expanded powers against crypto providers ...
“… there is little evidence that vastly expanded powers against crypto providers would increase enforcement or catch more bad actors. Especially when the vast majority of illicit financing of criminal activities still uses the traditional financial system and U.S. dollars, as the treasury admitted itself.”
quoting note1t48…w006NEW my article up at TheBlaze on the latest proposed AML/KYC rules for Bitcoin custodial services in the US:
"Rather than embracing the permissionless innovation that Bitcoin and its cryptocurrency offspring provide, these rules would force yet more financial surveillance and regulatory compliance on the next iteration of digital money, artificially choking the growth of this industry"
https://www.theblaze.com/return/the-feds-are-trying-to-stifle-bitcoin-and-crypto-with-draconian-new-regulations