[0xDEAFBEAD]

Does holding stablecoins require any sort of KYC? Or do I just need to maintain the security of a private key?

If the latter, I think that explains why stablecoins are popular in countries with weak institutions.

In a country with strong laws, and strong rule-of-law, "Code is Law" is a solution in search of a problem. But in a country with weak laws, it can be a lifesaver.

[bearl]

Coins discourage if not undermine rule of law and weaken strong institutions. It’s the cat chasing it’s tail.

[0xDEAFBEAD]

What's the evidence for this?

[bearl]

Their usage.

[baq]

I'd consider this more of an export of US law than 'Code is Law' TBH.