WORTHLESS CRYPTO


WORTHLESS CRYPTO


Any asset managing service providers enabling value transfer services, e.g. exchanges, remittance agents, accountants, lawyers, real estate agents, security brokers, loyalty services, etc. that might result in a suspicious transaction, must ensure that there are no transfers to anonymous users, as this would result in unfettered suspicious transactions.

This constraining requirement means that 'currently', any envisaged compliant service must bear the costly burden of regulatory adherence, and centralized, confidential management of customer data.

These realities, conflict with the original purpose of decentralized anonymous crypto, as they cannot be used for compliant transactions unless centrally identified. 

Negating the purpose of anonymity dependent, decentralized design, by invoking centralized trust and starving the anonymous token from demand driving services.