https://freedom.tech/patriot-act-comes-to-cryptocurrency/A fantastic article authored by Seth For Privacy (
https://nitter.cz/sethforprivacy), who is the Head of Strategy & Marketing for
Foundation Devices, known for their Passport hardware wallet.
As
I've mentioned in another thread, and as Seth explains in this article, this newest piece of legislation is an outright attack on bitcoin. It is clear the US government want the
only way to use bitcoin to be through fully KYCed centralized exchanges. They are trying their hardest to absorb bitcoin in to the existing fiat system and surveillance state, and destroy the very thing that bitcoin is.
What can you do about it? Get your coins off of any centralized exchange and in to your own wallet. Close your KYCed accounts and refuse to ever complete KYC again. Use privacy tools. Anonymize your coins. Refuse to use any service or product which treats bitcoin as non-fungible and discriminates against or censors certain coins. Bitcoin was not made to become an off-shoot of the fiat system, to be another tool by which the government can can surveil, censor, and control. And if you happen to live in the US, start contacting your representatives about this draconian piece of legislation.
https://bitcoiner.guide/nokyconly/https://kycnot.me/
Spam will be deleted. What part of "Anonymous" can these mofos in the government not understand? We've been at it for years now, these people are so concerned about "the dangers that crypto could pose in the AML integrity" that they laser-focused on regulating bitcoin instead of actually finding the time to crack down on industries where money laundering does happen (ahem, charitable organizations, carpet resellers, music industry, everything else where you can create clean money). I sometimes feel like we should just take our business elsewhere cause as long as these senile retards remain seated they will continue to do the most belligerent shit you could ever think of. There's harmony and peace with having a little anonymity, it's been like that for years now, why is it that they are pushing to do it NOW?