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We must protect privacy, even in the face of cryptocurrency crime. As governments crack down on one of the most notorious tools for criminal money laundering in the cryptocurrency world, I’m worried about the ramifications.
@molly0xfff I think the bigger problem is that the cryptocurrency industry as a whole does not seem to feel that they should be bound by the same regs as any financial industry. As a result, it lacks even the culture required for effective self-regulation.
I'm not sure that I see a future where regulators are willing to take a step back anytime soon. If anything, the consequences of the actions of those in the industry during this time will be seen by regulators as evidence of a need to act.
@UncivilServant agreed. i also worry that that action will be heavyhanded, and end up with collateral effects