LogicallyMinded on Nostr: Indeed, I think the risk is for governments to require CEXs to adopt this system as a ...

Indeed, I think the risk is for governments to require CEXs to adopt this system as a standard. #Bitcoin users may be required to link their #BTC with their #DigitalID every time they interact with a regulated entity (on-ramp, off-ramp and potentially regulated non-custodial entities as well). They may also require to specify any potential change of ownership when using these services. Someone transferring btcs to someone else without a change of ownership would then expose himself to unintended legal liability (what if bitcoins tied to someone’s identity are linked to a crime because this person didn’t properly update the ownership?). This has the potential to further increase the non-fungibility of Bitcoin and to equip chain #surveillance companies with a powerful tool. It doesn’t look good…