The Blockchain and Know Your Customer (KYC) Laws
Right now Web 3.0, "the blockchain", the decentralized web, etc. are making a lot of people rich. People will do anything to get a few Ether so they can spend it on a pictures of kitties or whatever. Here is the current best practice of how you can get Ether: Send Western Union payment to somebody recommended by a company that is not in your legal jurisdiction to get Bitcoin, then using an exchange also not in your jurisdiction Create an account in the United States which requires your social security number, your bank account website usernames/passwords (not a typo), and uncontrolled access to your computer's webcam In other words, this is shady AF. At one end of the respecting-regulation spectrum is Uber which says "we're not a taxi and we refuse to follow any taxi laws." But the Web 3.0 players are on the other end where they collect more information from you than any traditional bank. The reason why is because banks are subject to "Ant...