Quote from: malevolent on September 11, 2019, 06:51:50 PM

Quote from: squatter on September 07, 2019, 09:30:41 PM

Definitely, but there is still a huge demand for KYC-free services. You can tell as much by the way Binance operates: They are willing to segregate their markets rather than go fully compliant. It's also basically a given that a host of countries won't be complying with the FATF travel rule, leaving the door open to non-compliant exchanges.

And that's where things get interesting. Are the Coinbases and Geminis and Bitpays of the world going to blacklist outputs from exchanges like Binance? Bitmex? Smaller altcoin and derivatives exchanges?

If what coindesk reports is true, Binance is considering on using CipherTrace software to implement FATF's travel rule. Perhaps they'll use it for Binance.us customers and some other exchanges will follow, and we'll see emergence of two non-interacting Bitcoin currencies in circulation.

Sounds tragic for fungibility. Maybe that's the point. Undecided

Maybe this will provide the impetus for larger scale adoption of P2P trading. Growing fears about frozen funds and customer due diligence demands by exchanges could drive traders towards Bisq and similar decentralized alternatives, which appear to have escaped FINCEN regulation.