If you are active in crypto trading, holding etc. Then you will undoubtedly have noticed that the "crackdowns" are expanding and the exchanges are following suit very quickly. "Traveler", a company that detects address-to-address verification, making sure where you send your asset, is part of a system that is approved by the TRISA directory. Crypto.com and Binance are currently using this shit, meaning others will follow suit.
The more crypto enters the retail and industry markets, the more they are finding ways to ensure they can track your transactions, assets and value.
My problem with crypto is that it’s very easy to manipulate using stable coins.
There are coins out there with no mining limits, and nobody can stop a bad actor mining millions in a stable coin without anybody knowing.
You can then use your “worthless” stablecoin buying up BTC or other cryptos, and crash it later at your own willing. Rinse and repeat at no cost, you’ll actually earn some “real” USD by selling BTC.
Crypto’s might’ve been a white hat idea, but it’s very easy to manipulate by black hats.
Saw my first crypto commercial with Matt Damon on Swedish TV yesterday, a huuughe red flag.