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The Law is Coming for Bitcoin, Warns Satoshi Claimant Craig Wright

From cointelegraph.com

The man who claims to be Satoshi Nakamoto says 2020 is the year the law comes for Bitcoin. Writing on his personal blog, Craig Wright offered a view of Bitcoin’s future which doesn’t bode well for operators of Bitcoin’s Lightning Network, or the coin’s miners. One of Bitcoin’s biggest attractions is its supposedly permissionless, authority-resistant nature. But according to Wright, these are illusions. Wright claims that any amount of Bitcoin purchased without meeting legally recognized CDD (customer due diligence) and KYC (know your customer) requirements is, in effect, stolen Bitcoin. According to Wright, that ... (full story)

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  • Category: Fundamental Analysis