Would you disclose your wallets if such legislation came into force? Which countermeasures can be taken from Bitcoiners part? Any thought on that.
There is arguably only one possible countermeasure that can be undertaken by true bitcoiners: stop using centralized exchanges for buying/selling bitcoin and start engaging in the bitcoin circular economy. The former will definitely help you in achieving the latter because in order to acquire/spend your bitcoin, you would require to interact with other "non-compliant" bitcoiners. Some still fail to grasp, that being a bitcoiner means being a rebel. 
Topic: Mr. Mnuchin plans to regulate non-custodial wallets. - page 3. (Read 906 times)
Well, if the law passes the govt will need to conduct identity verification on every user that downloads a crypto wallet. This will potentially put the financial privacy of many investors at risk. Could this be the reason why Bitcoin has hit an intraday low of $17,150?
If it comes to pass it'll be the US throwing away any lead they may have. As Our Brian points out there are many scenarios where it's simply not possible to do what they're proposing. Americans are already more trouble than they're worth for companies outside. Looks like they're keen to amp that up.
It's not as if everyone is being forced to wear a Bitcoin star of David but it would be nice if they thought these things through properly.
It's not as if everyone is being forced to wear a Bitcoin star of David but it would be nice if they thought these things through properly.
(accidentally hit the wrong thread).
From the thread he goes on to explain it light just be for exchanges that need to verify who sends and receives funds.
If that happens, I don't see much of a problem. Because you already kinda verified the address was yours in the T&Cs anyway so this is just a further enforcement of that
The UK has some regulation from 2021 that anyone acting as an exchange (p2p or otherwise) might need to register with them to continue trading - which i imagine might be a way to get.AA better grip on who's exchanging and what...
From the thread he goes on to explain it light just be for exchanges that need to verify who sends and receives funds.
If that happens, I don't see much of a problem. Because you already kinda verified the address was yours in the T&Cs anyway so this is just a further enforcement of that
The UK has some regulation from 2021 that anyone acting as an exchange (p2p or otherwise) might need to register with them to continue trading - which i imagine might be a way to get.AA better grip on who's exchanging and what...
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