This is BAD.. Canada now requiring senders of Crypto to identify the RECIPIENT!

HustleTong

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Money laundering is still a thing in crypto
Other countries would follow the same
 

SirLouen

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Steps for enlightenment:

a) Create a personal wallet
b) Send your coins to your own wallet. Identify the recipient: YOURSELF
c) Send your coins from your wallet to anyone else.

Foolishness of rules doesn't have paragon.
 

moonshine7000

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According to the IRS crypto is not currency but an asset so it can't be money laundering because its not money.The IRS is making up rules as it goes. :)
 

RandomPhantom

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and here we go, soon many will follow.
I think so too.
Bitcoin and many other cryptocurrencies are just growing in popularity. When Bitcoin came out people was laughing at me when I told them about it. No one is laughing now except the ones that bought early.

Cryptocurrencies are a threat to regular banks. Of course countries will try to regulate it, they want full control of your money.
Good look with that. There will always be wallets with owners that they cant track.
 

youveggie

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I think so too.
Bitcoin and many other cryptocurrencies are just growing in popularity. When Bitcoin came out people was laughing at me when I told them about it. No one is laughing now except the ones that bought early.

Cryptocurrencies are a threat to regular banks. Of course countries will try to regulate it, they want full control of your money.
Good look with that. There will always be wallets with owners that they cant track.
Sooner than I expected, lol.
 

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indianmojojojo

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its good in the long run imo, more mainstream users will start using it.

The pros will still find a way to get away with the KYC ;)
 

seomaster5

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They will apply this to all countries and this is not at all good for crypto growth.
 
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