RE: Regulators in Germany draft prohibitions targeting cryptocurrencies

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Regulators in Germany draft prohibitions targeting cryptocurrencies

in news •  5 years ago 

Against freedom of people but still, it is i think a good thing because of 2 reasons:

  1. Anti-Money Laundering, as this will benefit no one
  2. it means the world is taking cryptocurrency seriously
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AML and KYC are not good things imho. These do not prevent consequent financial crime. Multiple taxation is racket and regulation legalize it. It is institutionalized financial crime.
These are actually designed for surveillance of the honest and poor citizens. The corrupted politicians that make the rules will always use tricks to evade.

Politicians and banksters are taking cryptocurrencies so seriously that they will over-tax crypto to prevent use.

what you said is true but you can not ignore the government and bank and cut them out from the system which they build and working for centuries, but this is also true that they enjoyed the freedom on being the centralized system and with the introduction of decentralized system which will be more famous in future and will be the front face in future so they also understand the importance of decentralization but want to find a way to be on top of it again.