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by cobbal 1405 days ago
When it comes to financial transactions, KYC laws mean that privacy is, in fact, illegal.
1 comments

Third party doctrine is nothing new and was a direct result of money transfer becoming easier (not sending gold bars around that could be seized). https://en.wikipedia.org/wiki/United_States_v._Miller_%28197....

Cryptocurrency enthusiasts like to think that just because their transactions are done inefficiently on a blockchain, banking laws don't apply to them. Of course they apply. The only difference is their transactions are more expensive.