Bitcoin and crypto are facing their toughest battle yet

Anti Money Laundry, Terrorism Financing and KYC laws

this is how they got binance

the US government has a list of countries and people you are not allowed to send money to

binance broke these laws because their users sent money to wallets in these countries

does bitcoin facilitate transactions between users and people in sanctioned countries? yes.

this is why governments are pushing hard to ban self custody wallets

they only want your bitcoin in the hands of blackrock and other KYC custodians that do not let you withdraw or send money

permissionless money goes against their agenda