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Currency is only as good as the government that mediates its exchange.
If mediating that exchange incurs costs, then the government will take steps to either stop mediating those exchanges (ex: China - where all crypto exchanges are illegal by default, so the legal system can no longer be used to offset the cost of those exchanges at cost to itself) or it will bring that currency under control so that it can make those costs predictable and acceptable (ex: The US - where crypto is getting "all the bad bits" added back through legislation)
Which means the original intent of crypto only works in this honeymoon period (which I actually think ended not too long after the silk road went down) where it happens to get treated as an asset by a government that hasn't yet found out that they're essentially mediating exchanges in a foreign currency for free (not something most governments want to do).
There is absolutely no good reasons for electronic payments to be anonymous. They never were and they should not be.
I understand it serves (yes here we go) crime, oh sure. But this is not a hill to die on.
This is not about a lack of understanding or FUD. This is about not letting crime happen.
There is no problem to be solved here.
Like there should be a non-small burden to de-anonymize things.
Mainly to reduce misuse potential.
What would you consider an accetable reporting requirement for all of your transactions?
https://capitalgram.com/posts/estonia-cryptocurrency-ban/
The only way to stop the slippery slope towards the political ban is for voters to start caring about the topic.
Also FATF guidelines to not require zero threshold, but propose $1000. This is completely self made rule by weak minded EU members of parliaments who try to score votes from concerned (senior) citizens
https://mobile.twitter.com/moo9000/status/149138626637794508...
https://mobile.twitter.com/moo9000/status/146645551511920640...
Zero reporting threshold for transactions is not practical or desirable.