For the centralized exchanges and their regulations, I do support them because with this the illegal outflow of the money in risk investment market can be directly minimized and governments can even track the user in entries and out entries
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Illegal money flows through banks everyday and are even propagated by the banks themselves. Centralized exchanges does not minimize illegal transactions. I certainly do not want the government tracking my inputs and outputs, that is why I use a decentralized currency.
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I will not care about it because i am not doing anything wrong in the open space. Yes, I consider my privacy a violation but when it will be regulated and in the hands of everyone then there will be alternatives to that too.
Not wanting the authorities in your business does not mean the person is doing anything wrong. Their entire financial system is broken so why would a superior system rely on their regulation.
- Jay -