Post
Topic
Board Bitcoin Discussion
Merits 5 from 2 users
Re: Goodbye, privacy, goodbye, it was nice while it lasted.
by
Gyfts
on 15/04/2022, 16:19:49 UTC
⭐ Merited by malevolent (4) ,JayJuanGee (1)
-snip-
Bitcoin is indeed above government regulations, but each country or government has its own rules or regulations. The government will not fully regulate Cryptocurrency they only regulate the entrance but not for the inside. Don't worry, your personal wallet will still be decentralized and only you can manage it, because you own the private key.

as long as you don't publish your personal wallet address, everything will be safe.
stay away from exchanges that require KYC if you really don't want to be exposed.

It really is not. You should not take regulations lightly. The government can and absolutely will ban Bitcoin given the opportunity, using regulations as a cudgel to force compliance. They don't need your private keys nor do they want them. As long as they can convince everybody else that isn't yet a Bitcoin user that they should not adopt, their goals have been accomplished.


Due to the specific characteristics and risk profile of crypto-assets, the information obligation should apply to crypto-assets transfers, regardless of the value of the transfer.[/b] There are clear indications that crypto-asset activities associated with criminal activities and terrorism financing are often transfers of small value. Furthermore, crypto-assets and related technologies enable criminals to split high value transfers into small amounts across multiple wallet addresses in order to avoid detection of AML/CFT monitoring systems and to carry out illicit activities via structured transactions to a scale and global reach not available to wire transfers.

This is insanity, and coincidentally the U.S. also invoked terrorism or national security as a reason for regulation of crypto currency. It's becoming a pattern of lies and deception. Almost like there's collusion.