Thread

Economists at the Bank of International Settlements just proposed that *any coin* that has *ever* passed through a no-KYC wallet should be banned from regulated services. The economists argue that their approach would enable a culture of self-policing, or “duty of care,” in which even users of non-custodial wallets would not accept no-KYC coins, report illicit activity, and engage in voluntary KYC. View quoted note →

Making it harder to get their hands on those last few bitcoin, just about the point that they'll be scrambling to acquire them, at around $100,000,000 per coin.

Bifurcation intensifies. View quoted note →

Good luck.

I'm sorry, I don't accept Bitcoin. I only accept Monero.

This “culture of self policing” reminds me when Larry Fink said his aim is to force behaviors on society

Another reason not to use regulated services.

Wonder if zelenskys laundered American and European taxpayer money is KYC 🤔

Personally, I think things like this will help accelerate peer-to-peer payments even further, so I feel like if someone wants to try it, they should just go for it. If it were something that could simply be blocked because someone didn't like it, I wouldn't have supported Bitcoin in the first place.

U have no power in here ...

Yes .. please get those KYC retards out of freefom payment circles.