Will probably be called banks.....
More and more banks are entering the Bitcoin business. In Germany at least, we can see that banks are slowly integrating Bitcoin into their business. Advising customers, buying Bitcoin and managing it (Wallet hosted from banks) . The customer does not have to worry about anything....
I think that breaking up the transaction history (mixing) will also be allowed in the future. But this work will be taken over by centralised institutions like banks.
More and more banks are entering the Bitcoin business. In Germany at least, we can see that banks are slowly integrating Bitcoin into their business. Advising customers, buying Bitcoin and managing it (Wallet hosted from banks) . The customer does not have to worry about anything....
I think that breaking up the transaction history (mixing) will also be allowed in the future. But this work will be taken over by centralised institutions like banks.
Exactly. Banks will be the only entities allowed to "mix" or obfuscate transactions. The rest of the people will be forced to comply with KYC/AML in order to keep using Bitcoin. There's nothing we can do about it, especially when "Wall Street" is in the game. It has always been about money, power, and control. Eventually, no-KYC centralized mixers will be shut down for good. You will only be able to mix your Bitcoin through a non-custodial mixer.
Of course, it's likely doing such a thing will give you serious consequences in the long run (jail time or fines). After all , governments don't want people to enjoy true financial freedom and privacy. Being a "slave" to the current monetary system backed by banks is what governments like the most. As long as Bitcoin can be controlled via centralized exchanges, don't expect Fiat to go anywhere soon. Just my thoughts
