FATF is a Threat to Bitcoin Privacy
summary
FATF issues 2019 guidance that pushes the travel rule onto crypto, forcing custodial services to pass names, addresses and wallet data and risking a country on a graylist or blacklist (about 40 member countries enforce this pressure). Exchanges already over‑comply—examples include sanctions that Tornado Cash froze USDC—and the panel warns of miners or even protocol pressure if that continues. Practical counters discussed: AOPP address‑proof debates, running your own node, and layer‑2 privacy work like Bolt 12 and blinded paths plus open‑source tooling.
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chapters (10)
- 0:00Introduction
- 1:00Understanding FATF
- 4:45Regulatory challenges
- 10:43Privacy and software
- 17:13Gatekeepers and compliance
- 22:00Privacy vs surveillance
- 28:40Changing the narrative
- 38:03Opting out of the system
- 42:00Future technologies
- 47:00Concluding thoughts
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