News for hackers. Stuff that matters.

A comment on Fintech dystopia. Parent comment

Re:Fintech dystopia by 0xDEAFBEAD on Tuesday July 29, 2025 @04:17AM (#44720573)
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.

[ Parent | on HN ]
Re:Fintech dystopia by bearl on Tuesday July 29, 2025 @07:52AM (#44722142)
Coins discourage if not undermine rule of law and weaken strong institutions. It’s the cat chasing it’s tail.
[ Parent | on HN ]
Re:Fintech dystopia by 0xDEAFBEAD on Tuesday July 29, 2025 @11:45PM (#44730729)
What's the evidence for this?
[ Parent | on HN ]
Re:Fintech dystopia by bearl on Wednesday July 30, 2025 @02:03PM (#44737522)
Their usage.
[ Parent | on HN ]
Re:Fintech dystopia by baq on Tuesday July 29, 2025 @05:08AM (#44720957)
I'd consider this more of an export of US law than 'Code is Law' TBH.
[ Parent | on HN ]