sooly on Nostr: In Lebanon and Angola, local manufacturers lobby to raise import taxes, crushing ...
In Lebanon and Angola, local manufacturers lobby to raise import taxes, crushing competition. It’s protectionism—plain and simple. Like everywhere in the developing world.
What stops centralized #crypto exchanges from doing the same in the west against self custody tech? Pushing for regulations that make self-custody harder, nudging the masses to keep their #Bitcoin locked in custodial platforms?
They’ll say it’s for “consumer protection,” but the real goal #nostr ? Control. Fees. Surveillance.
What stops centralized #crypto exchanges from doing the same in the west against self custody tech? Pushing for regulations that make self-custody harder, nudging the masses to keep their #Bitcoin locked in custodial platforms?
They’ll say it’s for “consumer protection,” but the real goal #nostr ? Control. Fees. Surveillance.
quoting nevent1q…syaqYesterday's first Digital Assets Subcommittee hearing has us down bad for privacy, my guys.
As stated by former CFTC Chair Timothy Massad, self-custodial wallets are the reason we are seeing digital assets used for sanctions evasion, money laundering and Hamas financing, with other witnesses piling on the lack of KYC.
Going purely on vibes, it seems plausible that we may see Congress attempt to rewrite IEEPA and US Code to apply KYC/AML/CFT requirements to self-custodial wallets and decentralized services as suggested by the Fifth Circuit's Tornado Cash sanctions reversal as well as Financial Action Task Force virtual asset guidance.
S/o to the retards calling this administration the "Bitcoin President"
Full Story:
https://www.therage.co/self-custodial-wallets-are-hamas/