Quote from: cheezcarls on Today at 07:06:42 AM

This is bad. Really bad. Imagine if a lot of countries are doing the same.

the USA is heading that way. they proposed very similar regulations. they're currently on hold but i don't expect that to last long.

i won't be surprised if exchange customers are eventually just handing over a master pubkey to exchanges under legal declaration. i'll bet 80% of them won't even realize the implications, and will just give the exchanges an open door into all their financial activities.

Quote from: cheezcarls on Today at 07:06:42 AM

Governments are trying to kill the term “decentralization”. Regulatory moves like this are destroying the purpose of decentralization.

i wouldn't say that. as usual, they are leveraging their power over industry to force centralized entities into attacking our privacy and scaring us into legal/tax compliance.

decentralized protocols like bitcoin---unaffected.