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A comment on Is the US Banning Crypto Wallets?. Parent comment

Re:Is the US Banning Crypto Wallets? by gruez on Wednesday December 02, 2020 @10:55PM (#25285187)
And then what? Everyone has to keep KYC records of the counterparties that they transacted with? What if there's a country where such regulations don't apply? There goes your KYC chain.
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Re:Is the US Banning Crypto Wallets? by sanxiyn on Wednesday December 02, 2020 @10:57PM (#25285199)
What I am saying is this is restriction to exchanges. If you never deal with exchanges no KYC restriction is applied to you.
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Re:Is the US Banning Crypto Wallets? by im3w1l on Wednesday December 02, 2020 @11:23PM (#25285354)
Ah I see. I was tripped up by

> So, if you currently use a cold storage wallet like a Ledger Nano S or a software wallet such as MetaMask, you may soon find yourself running afoul of new regulations.

But apart from that, the rest of the article seems to agree with you.

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