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Raj Patel: Speed Bitcoin Lightning Wallet, Stablecoins like Tether on Bitcoin, and Non-KYC Hurdles

Coin Stories

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Contrasting Bitcoin Wallet Approaches: Privacy vs. Compliance

This chapter explores the fundamental differences between non-custodial wallets that emphasize privacy and self-sovereignty, and custodial wallets that adhere to KYC regulations. It also examines the implications of these wallet types for spending and storing Bitcoin, as well as the evolving regulatory requirements for money transmission licenses.

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