ABitSpicy on Nostr: Learned about the Travel Rule today. Unfortunately, government has inserted its ...
Learned about the Travel Rule today. Unfortunately, government has inserted its tentacles into the crypto industry (#Bitcoin included) by requiring cryptocurrency service providers to provide the following personally identifiable information about their customers:
* Name and wallet address of the sender
* Sender’s physical address, national identity number, customer identity number, or date and place of birth
* Name and wallet address of the recipient.
Of course government sells this regulatory requirement as a "safety measure" to prevent money laundering and illicit activities (activities the government doesn't agree with, or is unable to skim off the top).
https://cointelegraph.com/learn/articles/crypto-travel-rule
* Name and wallet address of the sender
* Sender’s physical address, national identity number, customer identity number, or date and place of birth
* Name and wallet address of the recipient.
Of course government sells this regulatory requirement as a "safety measure" to prevent money laundering and illicit activities (activities the government doesn't agree with, or is unable to skim off the top).
https://cointelegraph.com/learn/articles/crypto-travel-rule