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> In which case, you violate nation state laws against KYC and AML, and the repercussions that go along with that. No, actually. Many people send crypto transactions all the time, and do so anonymously, and the vast majority of them don't get in trouble for it. Descriptively, it is untrue that there is some sort of wide scale crack down on anonymous crypto transactions in the west. And no, before you say it, it doesn't really matter if, hypothetically, a future government could become extremely authoritarian, and arrest all the crypto users, because for whatever reason, crypto has been around for a decade, and governments aren't doing that. The reality, and facts on the ground, are that people making anonymous crypto transactions all the time, and don't get in trouble with that, no matter how much people will then respond to this post by saying "Well, what if the government started doing it tomorrow!". Its not happening. Therefore, it is a useful usecase. |
Europe: https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220...
US Executive Order: https://www.whitehouse.gov/briefing-room/presidential-action...
UK: https://www.cnbc.com/2022/04/04/uk-to-mint-its-own-nft-and-p...
China: https://techcrunch.com/2021/09/24/china-says-all-cryptocurre...
South Korea: https://www.bbc.com/news/business-42784384
Japan: https://www.fxempire.com/news/article/financial-services-age...
Caveat being India and Japan, these are the top 10 economies in the world.