FinCEN’s proposal to outlaw all crypto privacy is a huge overreach. They apply a section of the Patriot Act on a “class of transactions” in a new precedent. Doesn’t matter if it’s custodial or noncustodial- merely using certain type of code can be an illegal act.
People are caught by the potential spot ETF, meanwhile this is proposed. Now they fight you.
https://www.nobsbitcoin.com/fincen-wants-to-outlaw-certain-bitcoin-on-chain-transactions/
LynAlden / Lyn Alden
npub1a2…cw83a
2023-10-21 01:41:18
Author Public Key
npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83aPublished at
2023-10-21 01:41:18Event JSON
{
"id": "f8ce1026a423ab9ff2123594178789d592df2aa4054c885615110816e761e8b4",
"pubkey": "eab0e756d32b80bcd464f3d844b8040303075a13eabc3599a762c9ac7ab91f4f",
"created_at": 1697852478,
"kind": 1,
"tags": [],
"content": "FinCEN’s proposal to outlaw all crypto privacy is a huge overreach. They apply a section of the Patriot Act on a “class of transactions” in a new precedent. Doesn’t matter if it’s custodial or noncustodial- merely using certain type of code can be an illegal act.\n\nPeople are caught by the potential spot ETF, meanwhile this is proposed. Now they fight you.\n\nhttps://www.nobsbitcoin.com/fincen-wants-to-outlaw-certain-bitcoin-on-chain-transactions/",
"sig": "4eaa33b948ac9b6cd0a83d08a838d9f328585b997df4d8a5365e1c6e2f8ae72b7e385347b2a6143a12754b41444b2cca7775501ecd1a51d148951922da4972c5"
}