The Security Behind the Birth of Zcash

Re:The Security Behind the Birth of Zcash by wslh on Sunday July 16, 2017 @03:48PM (#14783813)

I don't think so, you can exchange your money through services like ShapeShift where it remains anonymous at the other end and you can make the exchange to fiat money via Localbitcoins. There are many other alternatives we can think of.

I think it would be good to have an optional KYC/AML attached to cryptocurrency transactions. In this way they can be more popular and more connected to the regulated world.

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Re:The Security Behind the Birth of Zcash by JumpCrisscross on Sunday July 16, 2017 @05:14PM (#14784143)

> it would be good to have an optional KYC/AML attached to cryptocurrency transactions

This is already the case, minus the optional part [1]. Broadly, I'd guess anyone involved with an unregulated money transmission operation is one pissed-off D.A. away from serious jail time.

[1] http://www.coindesk.com/bitcoin-law-what-us-businesses-need-...

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Re:The Security Behind the Birth of Zcash by wslh on Sunday July 16, 2017 @09:29PM (#14785063)

That article applies to US law.

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Re:The Security Behind the Birth of Zcash by JumpCrisscross on Sunday July 16, 2017 @09:39PM (#14785095)

If you do anything with U.S. dollars, the United States claims jurisdiction.

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Re:The Security Behind the Birth of Zcash by wslh on Thursday July 20, 2017 @10:07AM (#14812527)

You don't need to use dollars in exchanges.

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Re:The Security Behind the Birth of Zcash by erpellan on Sunday July 16, 2017 @03:59PM (#14783851)

KYC/AML applies to the person, not to the serial numbers printed on the bills they hand over.

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Re:The Security Behind the Birth of Zcash by wslh on Sunday July 16, 2017 @04:09PM (#14783898)

I am not sure if you understood what I said. You can connect transactions with people.

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