Nostr Web Client

Wake up motherfuckers, if you thought it couldnt get any worse, it just did:

Google Play Store is banning all non-custodial wallets whose developers do not have a FinCEN registration, state banking license, or MiCA license.

This means that in the US, *all* non-custodial wallets on the Play Store will have to employ AML/KYC.

Sounds bad? In the EU, it’s even worse:

MiCA licenses are not issued to services as simple as non-custodial wallets, effectively banning non-custodial wallet developers from the Play Store in the EU.

As with all dumb AML ideas, it’s of course the FATF that opened the door to this nonsense, claiming that even non-custodial/decentralized software could have some element of control over funds.

The DOJ tried to enforce this quagmire with Samourai and Tornado Cash, and now we’re seeing the largest App Store in the world enforce it on its own.

After regulation by prosecution, here comes regulation by monopoly

Are you tired of winning yet?

nostr:note1dkrcd6n2za8mswtr3fs8g2ncz688v38putrq595q7w8yxpt3zpusgmhjdj

ManyKeys 4mo ago

Who downloads wallets from Google Play. 😂

You got Obtainium or ZapStore for that.

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Discussion

Slimer 4mo ago

LoL Microsoft's GitHub will follow suit when requested

ManyKeys 4mo ago

There are others like codeberg and gitea. Microsoft is just gonna ruin their business and make alternatives' case stronger.

These alternatives are all open-source, community-driven and not dependent on big tech.

Slimer 4mo ago

If the hammer came down any EU or US based open source project they would likely fold.

We need to be enraged and push back against overreach, there is no hierarchy in this situation. This could effect us all using any source to obtain apps.

ManyKeys 4mo ago

Not arguing against the need to fight back the constant state overreach. The state should be abolished through agorism.

Slimer 4mo ago

🫡