everyone CHILL OUT
its not about bitcoin.
its about unregulated exchanges that handle FIAT
they are not going after bitcoin-core to start demanding users hand over ID, its purely exchanges that handle FIAT unregulated.
so chill out, its not an attack on bitcoin
its not about bitcoin.
its about unregulated exchanges that handle FIAT
they are not going after bitcoin-core to start demanding users hand over ID, its purely exchanges that handle FIAT unregulated.
so chill out, its not an attack on bitcoin
Today it is unregulated FIAT exchanges and tomorrow they decide to close down regulated exchanges that allows for Bitcoin trading. We will have to
find a way for these services to survive, no matter what these organizations decide to do. Let's say, they want to advance their own Blockchain
technology and then regulate these exchanges to deny Bitcoin... It can happen, and it will happen as soon as their technology are completed.
I think franky1 is too optimistic and you're too pessimistic.
If their goal was to delegalize Bitcoin, this EC proposal would be the stupid thing to start with. Because once there's no anonymity they'll have no good reason to ban Bitcoin.
The main reason behind this is not to eliminate anonymity, it is to eliminate the competition. They will come up with some sort of excuse to just ban
Bitcoin and not other Crypto currencies that adhere to their criteria. The government backed Crypto currencies will get the edge and they would get
a good advantage. The reason why they stalling with regulation is, because the currencies they want to support are not fully developed yet. Once these
"private ledgers" are ready, you can bet your bottom dollar, they will try to ban all the other Crypto currencies that does not adhere to their
requirements.
