[stale2002]

There are a multitude of other crypto coins, that have been around for a long while, that similarly provide lots of privacy, and yet they aren't illegal.

People have been yelling about this all being made illegal for literally a decade, and it hasn't happened yet.

[XorNot]

Why would any of this be made illegal? It's a jurisdictional enforcement issue, that isn't targeted at the asset - it's targeted at the individual who thinks they're going to make large financial transactions and not meet the KYC requirements - which will come up when you have to declare how you attained a whole lot of assets or cash to the IRS.

Of course, you could not do all those things...but it would be just as illegal and lead to you being just as in jail (and your assets seized) as it would for any other currency.

So sure: technically you can hide a bunch of stuff with BTC, but you can do that with USD just fine too (cash is pretty untraceable). The moment you get caught though, you're just as screwed.

[stale2002]

> Why would any of this be made illegal?

Of course crypto privacy features are not going to be made illegal. That was my entire argument. Crypto has been around for a decade, and lots of privacy coins exist, and are not illegal.

Therefore, other crypto features that make KYC more difficult are also not going to be made illegal.