This is my third time writing this because I fat fingered some buttons and there are no drafts for publishing ideas. I had a lot written. Sorry for the poor quality writing now.
>The first is the Act on Digital Asset Businesses. It requires the registration and know-your-customer (KYC) compliance of cryptocurrency operators including agents, dealers, and brokers, the news outlet detailed. It also imposes penalties and remedies for violations.
Good: Some tokens needs this. Bitcoin does not because bitcoin's use case is to be an immutable decentralized alternative currency, Travis Klng has an apt description on how to define bitcoin. Bad: KYC/AML
- The second one is basically the same but adds taxes.
Additional note: central banks reserver the right to close and confiscate trading accounts at their will.
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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