This article seems to suggest that anonymity in crypto space may be losing its relevance. What's your take on this?
Posted Using LeoFinance Beta
You are viewing a single comment's thread from:
This article seems to suggest that anonymity in crypto space may be losing its relevance. What's your take on this?
Posted Using LeoFinance Beta
Personally, I think it's still best to be anonymous. Although for personalities undertaking projects and wanting to gain trust of investors or so, it might be that they need to get their identities revealed or doxed as they put it.
Posted using LeoFinance Mobile
Reasons vary why people prefer to maintain anonymity. As for me, I don't want any regulators to know anything about my financial transaction. Of course, for regulators, anonymity is the enemy for they think our money is theirs and they are entitled to some revenues from our transactions. Focusing on malicious actors as an argument to end anonymity is just an excuse for control and regulation.
Neither do I. The good thing is that here in the country, we aren't forced to declare everything, lol! Although I don't mind paying taxes as long as it is used for the common good.
I think not many would want to have their identity known too.
Posted using LeoFinance Mobile
Once we convert our crypto into fiat, that's the time to tax. But in the crypto space, we take all the risks and the regulators don't add anything of value to this space. Let them rule in their world, not here. Imagine, if they are doing in cryptocurrency what they have been doing in traditional finance, I think a lot of value has already been destroyed.