Lyn Alden
· 129w
FinCEN’s proposal to outlaw all crypto privacy is a huge overreach. They apply a section of the Patriot Act on a “class of transactions” in a new precedent. Doesn’t matter if it’s custodial ...
Let's face it, if one day any government decides that crypto is illegal, there won’t be absolutely nothing we can do about it. For the moment, the crypto movement is tolerated, but if the feeling of mistrust towards a state, a currency or an institution grows, the tide may turn, and not necessarily in the right direction. It's the "anarchist" side of this ecosystem that displeases institutions, and that's damaging for the BTC project.