⭐ Merited by cryptosize (1)
This is so unfortunate. I suspect that non-KYC exchanges and other custodial services will be targeted next.
That's obviously where we're going... I've observed that Theymos have made several irrevocable decisions without remorse and this, is just another one.We, Bitcoin entirely didn't come this far just to amend the system in a way they could inject thier spywares to surreptitiously monitor people's asset. So the worst is about to happen!! Let's have it.
Enforced KYC on the exchanges
No meaningful DEX other than bisq which has near zero activity
Mixers shutting down and getting banned
Even the crypto only casinos added KYC in their ToS which is weird (like some government suit contacted them all)
Soon we'll have to enter out National ID number every time we go online.
The only way to get out of this mess is mass cooperation and it ain't happening.
Here are the 2 main problems have:
1- We all connect to a domain which the government provides. (Nobody's using .onion domains, maybe it is time to go underground eh?)
2- No business can survive without paying their taxes
They own the infrastructure, they own the businesses.
Nowhere to hide.