Re: Goodbye, privacy, goodbye, it was nice while it lasted.

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The law will affect exchanges and non-custodial wallets, such as metamask, ledger and trezor, as I explained.

So this mean you aren't even allowed to hold your Crypto on a Ledger/Trezor?

No, it means that if you hold your crypto on a Ledger, Trezor or any other non-custodial wallet, you will have to provide information about a receiver when you are sending your crypto. The same will probably be when holding your crypto on an exchange.

But how will they know who owns each address? There is no mention about mandatory KYC procedure for people who holds crypto on a non-custodial wallets. If there won't be a KYC, how will they know who are the owners? And if they don't know who is the sender, how will they punish him for providing false information about a person they are sending crypto.

Damn, can't we just say we are sending money from one wallet of ours to other? They won't know shit TBH.

Agreed hehehe. The problem with this is those people creating the laws do not or have not thought of ways on how to enforce them. It will be a problem for the users only during the beginning, however, similar to other laws, they cannot be enforced to the fullest extent. There will still be users who will enjoy their privacy in the cryptospace.