flash on Nostr: ⚡️🚨 NEW - BIS economists propose banning any crypto that has passed through a ...
⚡️🚨 NEW - BIS economists propose banning any crypto that has passed through a wallet without KYC to encourage a culture of self-surveillance.
A paper from the Bank for International Settlements proposes a new approach to "anti-money laundering compliance for cryptoassets".
The economists suggest leveraging the "provenance and history of any particular unit or balance of a crypto asset" to implement a risk rating system with entry and exit ramps that would exclude any asset that has ever transited through a wallet without KYC from being accepted by regulated entities.
Published at
2025-08-20 07:28:51 UTCEvent JSON
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"kind": 1,
"tags": [],
"content": "⚡️🚨 NEW - BIS economists propose banning any crypto that has passed through a wallet without KYC to encourage a culture of self-surveillance.\n\nA paper from the Bank for International Settlements proposes a new approach to \"anti-money laundering compliance for cryptoassets\".\n\nThe economists suggest leveraging the \"provenance and history of any particular unit or balance of a crypto asset\" to implement a risk rating system with entry and exit ramps that would exclude any asset that has ever transited through a wallet without KYC from being accepted by regulated entities.\nhttps://blossom.primal.net/fe7c86088ac70c388904d99f82f66d94c9fc50e27aaf45f36b1e817ac5826598.jpg",
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}
