Can they effectively ban these currencies and networks? Or just stop the exchanges in their jurisdiction?
Kraken delists Monero in Europe due to regulations.
Any thing that offers privacy will be banned in Europe, a few days ago it was Lightning in Germany, today it is the turn of Monero at the European level.
This is Europe gentlemen, a totalitarian state.
https://support.kraken.com/hc/en-us/articles/support-for-monero-xmr-in-europe
Discussion
They can't ban them, and there are decentralized exchanges like bisq which currently has the highest volume of Monero.
But in short they are telling you that privacy is illegal, of course you don't have to comply with the law.
At what point are people going to ask for 4th amendment protections?
Most AML and KYC rules are a form of illegal search and seizure
#BTC #BITCOIN #HODL
Asking protection from the very same body you are trying to protect from?
Sounds doomed to fail..!
Scary thought. Well the independent judiciary is the only thing stopping tyranny.
Anything independent becomes powerless when the country goes in to a state of war.
Remember the "war on terror" and how they made laws that allow them much more power?
Yes every crisis removes freedom. Pay close attention to how #BTC will be blamed for the next banking or sovereign debt crisis. See what laws are enacted.