I don’t understand how people expect mass #Bitcoin adoption to happen without KYC and companies being regulated and compliant with the law. The majority of normies will prioritize convenience.
I am not a fan of KYC nor AML. I think they’re bullshit laws that treat everyone like a victim—I’m just also not blinded by an unrealistic libertarian daydream, despite wanting that to be the case. Be practical. It was obvious that this was going to happen if mass adoption and high liquidity were going to take place.
Not sure what this means for the future of Bitcoin or what privacy implications this entails long term, but I do believe I am stating the obvious here.