Quote from: Vrneth on July 20, 2019, 01:16:08 PM

Quote from: Rigorous on July 19, 2019, 06:30:14 PM

A few weeks ago I asked a question about the FATF travel rules in relation to Dusk. At the time the answer was that the travel rule does not immediately concern Dusk.

However, the integration with the fiat gateways you just announced makes me wonder whether privacy can be guaranteed. If I transfer Dusk tokens from BitcoinMeester or Bitladon, does that mean they eventually (i.e. when the FATF guidance is made into law, which could be within a year) need to include my name, home address or ID and those of the recipient in the transaction?

Fair enough, this is no criticism towards these specific partners. I could and should have asked this question when Dusk was listed on other KYC exhanges such as Bitfinex.

I agree with your concern and I think that wherever exchanges and FIAT are involved privacy will be compromised. They can guarantee privacy in case of DUSK to DUSK txns imo.
I am curious to know how other privacy centric coins like Monero, Zcash, Dash etc. handle this kind of situation.

From what I have read, those coins are not going to handle anything. The FATF guidelines concern service providers (exchanges and so on). Coins that have privacy by design cannot implement the travel rule. That leaves 3 possible outcomes:

1. Regulated service providers will delist privacy coins
2. Personal data will travel along in a parallel route, for instance through a SWIFT like system (I am just making this one up, I do not know if this is technically feasible)
3. Non-privacy coins will be regulated to death, while governments throw up their hands in despair because everyone moved to untraceable privacy coins and the darkweb