Bitcoin sovereignity is trending to 0!
How do you fix this?
Discussion
what does AML compliance on exchanges have anything to do with bitcoin
Its not only to exchanges, didnt you read the document?
Markets will aslo need to have implemented measured to see if your bitcoin is tanted or not, and this is just the beggining
Where will you spend your self custody bitcoin? In dark web?
US exchanges have to send know-your-transaction data to analysis companies to meet regulation standards. Probably will make a lot of UTXOs unusable or less fungible in the future?
That’s not how UTXO work. Say there are five UTXO that BIS and canada say are banned. This five mix with 183,285,173 other UTXO over a year, all of which are identical sized UTXO at the end of the mix.
BIS going to ban them all? lol.
Hi Fake Clark, I hope you're right, but don't you think those chain ANALysis companies are doing something more sophisticated and can't determine when a UTXO has gone in and out of a mixer?
Even if the heuristic is false positive, will an exchange risk it for some pleb money?
This will just increase grey/black market flows, p2p txs are to be between like-minded plebs that will not differentiate coins based on where they have been, no?