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Coin Center’s Peter Van Valkenburgh on regulation & crypto

Zero Knowledge

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Bitcoin and Cryptocurrency Intermediary Rulemaking - I Don't Hate It, but I Love It

The rulemaking would have required regulated intermediaries to report on every Bitcoin transaction over $3,000. The move could lead to a bifurcation of the financial system between institutionalized and peer-to-peerBitcoin users. "It's also highly invasive of privacy because now the intermediary is being deputized by government to spy on someone who isn't their customer," says Coin Center CEO Josh Enayati.

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