ethicallypulmonary

joined 3 years ago
[–] ethicallypulmonary@lemmy.ml 1 points 2 years ago

Could you elaborate? I'm not very knowledgeable about cryptocurrency.

[–] ethicallypulmonary@lemmy.ml 1 points 2 years ago (1 children)

Bitcoin ATMs in Australia (I believe) fall under AML/CTF laws which require them to register and comply with regulation that compels them to establish a customer's identity:

The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 requires regulated entities to collect information to establish a customer’s identity, monitor transactional activity, and report to AUSTRAC transactions or activity that is suspicious or involves large amounts of cash over $10,000.

I commented on decentralized exchanges like BISQ and how it can be risky. I wouldn't be surprised if my bank froze/shut down my account if they learned I was buying cryptocurrency peer-to-peer.

While happy to be proven wrong, I don't think it's possible here.

[–] ethicallypulmonary@lemmy.ml 1 points 2 years ago (5 children)

I don't know about where you are, but at least in Australia, there is no legal way to acquire cryptocurrency without handing over government ID, in my case both a driver's license, passport, along with a photo of myself. Sure, there's decentralised exchanges, but that's a risky move for most people.

[–] ethicallypulmonary@lemmy.ml 1 points 3 years ago (2 children)

Well, in my opinion, it kind of does, since it doesn’t notify the user that their messages are being forwarded.

That's more than Signal does. This is not a typical feature; I can't think of an end-to-end encrypted messenger that does do this. If you want to make this argument, all end-to-end-encrypted messengers must be broken because the person who receives the message can then send it to anyone else without your knowledge, or take a photo. It's trivial.