I think the centralized blockchains will be regulated like that. Do you think they will start building profiles through KYC and start linking wallets together and giving them to the governments?
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Of course. That is what KYC allows. They know the accounts and then can start tracking everything. Once that have the identity, it is all over.
That is why they fear decentralized so much.
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I think that is already in the works... To bad I have done kyc on a couple of exchanges. Imagine Binance giving the nigerian government my data. Lol that's means I will start paying some form of tax. 🥲
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I think that is already in the works... To bad I have done kyc on a couple of exchanges. Imagine Binance giving the nigerian government my data. Lol that's means I will start paying some form of tax. 🥲
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Binance seems to be the one to resist most countries.
However, all governments are going to want that data.
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