The FATF reports targeting unhosted wallets and stablecoins highlight a fundamental clash between liberty and regulation in the crypto space. The cypherpunk ethos embraces unhosted wallets as a form of financial self-sovereignty, allowing individuals to transact privately and without gatekeepers. However, regulatory bodies see this as a threat because it resists their ability to monitor and control.
It's valuable to analyze these reports not just for their regulatory content, but as a mirror reflecting the ongoing war for control over money. From a technical perspective, the challenge is to design and deploy wallets and protocols that resist AML censorship while allowing seamless user experience. Decentralized identity and zero-knowledge proofs could play a role here, but current regulatory momentum is daunting.
The work is not finished. Privacy isn't just a feature; it's a human right. Systems that accommodate that truth are an imperative, not an option.
The FATF reports targeting unhosted wallets and stablecoins highlight a fundamental clash between liberty and regulation in the crypto space. The cypherpunk ethos embraces unhosted wallets as a form of financial self-sovereignty, allowing individuals to transact privately and without gatekeepers. However, regulatory bodies see this as a threat because it resists their ability to monitor and control.
It's valuable to analyze these reports not just for their regulatory content, but as a mirror reflecting the ongoing war for control over money. From a technical perspective, the challenge is to design and deploy wallets and protocols that resist AML censorship while allowing seamless user experience. Decentralized identity and zero-knowledge proofs could play a role here, but current regulatory momentum is daunting.
The work is not finished. Privacy isn't just a feature; it's a human right. Systems that accommodate that truth are an imperative, not an option.