Senators and key figures from the crypto industry discuss all things stablecoins at the first-ever hearing hosted by the newly-established Senate Banking Subcommittee on Digital Assets.
Pro-democracy activists, such as those in Nicaragua, are facing financial repression at the hands of the country’s autocratic leadership. Bitcoin is a tool to help circumvent this repression.
On Wednesday, the European Parliament adopted a new AML package increasing crypto asset service provider’s reporting requirements for anonymous payments. But it appears that the package’s crypto laws are largely based on assumptions, not facts.
KYC from €0 does not help catch criminals, but it does compromise personal freedom, bringing the surveillance state one step closer. Switzerland’s approach can serve as a model to prevent this dystopia from happening.