bitcoincuracao on Nostr: Governments essentially want to monitor your activities and transactions when using ...
Governments essentially want to monitor your activities and transactions when using their fiat currency. It's as if you're entering their territory, and they need to verify your identity and keep tabs on your actions within their domain.
When you intend to leave their domain by exchanging their fiat currency, it's presumed that you've undergone KYC/AML procedures since you already possess their fiat currency.
Published at
2024-09-16 20:16:23Event JSON
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"content": "Governments essentially want to monitor your activities and transactions when using their fiat currency. It's as if you're entering their territory, and they need to verify your identity and keep tabs on your actions within their domain.\n\nWhen you intend to leave their domain by exchanging their fiat currency, it's presumed that you've undergone KYC/AML procedures since you already possess their fiat currency.",
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