This is how govs always work. Crypto began to centralize around CEXs because of the gov controls around banking and Swift (and gov controls around dispute resolution, escrow, insurance, litigation, etc). Then gov captured those CEXs by threat of regulation/enforcement or the promise of favoritism if they play ball. Not to mention how govs can and will put a gag order on speaking out about their coercion of your corp. KYC is control. Always has been always will be. Repeal the Bank Secrecy Act. We could alternatively just make it irrelevant if monero gets big enough.
I'm probably going to write an article down the road about how regulation and anti monopoly action actually just empowers gov to perform actions that tip the scales in the favor of their friends in industry. Or maybe just an article on How to Get Rich as a Public Official (although I don't want to give any ideas to the really dumb ones).
This is how govs always work. Crypto began to centralize around CEXs because of the gov controls around banking and Swift (and gov controls around dispute resolution, escrow, insurance, litigation, etc). Then gov captured those CEXs by threat of regulation/enforcement or the promise of favoritism if they play ball. Not to mention how govs can and will put a gag order on speaking out about their coercion of your corp. KYC is control. Always has been always will be. Repeal the Bank Secrecy Act. We could alternatively just make it irrelevant if monero gets big enough.
I'm probably going to write an article down the road about how regulation and anti monopoly action actually just empowers gov to perform actions that tip the scales in the favor of their friends in industry. Or maybe just an article on How to Get Rich as a Public Official (although I don't want to give any ideas to the really dumb ones).