>Governments can make it a felony (jail time, fines) to interact with your wallet
BTC >> Monero >> BTC.
I take take <10 minutes for small amount and a few hours if you need to wait for multiple confirmations.
There is plenty of reliable exchange platform that do not require IDs or even creating an account because they do not deal with fiat.
Bitcoin is NOT anonymous by default if you don't know/care how to use it, but it is extremely easy to get full anonymity if you need it. It would also be very hard to prove that you own a BTC wallet in a court of law.
> It would also be very hard to prove that you own a BTC wallet in a court of law.
Regulation regimes will work on a whitelist system: only wallets that are "approved" are allowed. All other wallets ("anonymous") are preemptively frozen/tainted until they are approved. Result? No more private/anonymous wallets in the "legal" bitcoin system.
> There is plenty of reliable exchange platform that do not require IDs or even creating an account because they do not deal with fiat.
Sure, and regulators would make them illegal under pre-existing KYC laws.
BTC >> Monero >> BTC.
I take take <10 minutes for small amount and a few hours if you need to wait for multiple confirmations.
There is plenty of reliable exchange platform that do not require IDs or even creating an account because they do not deal with fiat.
Bitcoin is NOT anonymous by default if you don't know/care how to use it, but it is extremely easy to get full anonymity if you need it. It would also be very hard to prove that you own a BTC wallet in a court of law.