12-16-2022, 02:15 AM
The narrative now is that Crypto is a national security imminent risk, and Elizabeth
<!-- SC_OFF --><div class="md"><p>Yesterday, it became public a bill from senator Elizabeth Warren to regulate and enforce total KYC in the crypto ecosystem. Whatever you are: Node, Validator or custodial/non-custodial wallet, you MUST have passed a KYC verification in order to be able to operate in this space.</p> <p>This obviously is justified as AML and anti-drug trafficking prevention and so on, just like when they say that bitcoin is only used for drugs, criminal stuff and terrorism.</p> <p>This is now more actively talked and enforced since the total collapse of FTX, giving them even more reasons to push regulations in a more restrictive way, so it won't be an easy fight against zero privacy proponents like E. Warren.</p> <p>Here's a link of a snippet of that bill if you are interested:</p> <p><a href="https://twitter.com/RyanSAdams/status/1603052999282147328">https://twitter.com/RyanSAdams/status/1603052999282147328</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BlueJotas"> /u/BlueJotas </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zmj1j4/the_narrative_now_is_that_crypto_is_a_national/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zmj1j4/the_narrative_now_is_that_crypto_is_a_national/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Yesterday, it became public a bill from senator Elizabeth Warren to regulate and enforce total KYC in the crypto ecosystem. Whatever you are: Node, Validator or custodial/non-custodial wallet, you MUST have passed a KYC verification in order to be able to operate in this space.</p> <p>This obviously is justified as AML and anti-drug trafficking prevention and so on, just like when they say that bitcoin is only used for drugs, criminal stuff and terrorism.</p> <p>This is now more actively talked and enforced since the total collapse of FTX, giving them even more reasons to push regulations in a more restrictive way, so it won't be an easy fight against zero privacy proponents like E. Warren.</p> <p>Here's a link of a snippet of that bill if you are interested:</p> <p><a href="https://twitter.com/RyanSAdams/status/1603052999282147328">https://twitter.com/RyanSAdams/status/1603052999282147328</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BlueJotas"> /u/BlueJotas </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zmj1j4/the_narrative_now_is_that_crypto_is_a_national/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zmj1j4/the_narrative_now_is_that_crypto_is_a_national/">[comments]</a></span>