Raoul Pal said in one of his conversations with some other finance guy heavily in crypto - I think it was Novogratz - that KYC will eventually come to crypto in a more pervasive way than today. We'll see about that. Centralized exchanges cannot but comply and do KYC but DEXs would be a different matter particularly if all the developers are pseudonymous. There'd be no one to pin down as a money transmitter and subject to the relevant laws.
At some point, governments may fade away into irrelevance. While some sort of governance is inevitable and necessary to keep bad actors in check, I'd rather see that automated and made into a much more elegant and simple system than the bloated bureaucracies we have in place today.
Posted Using LeoFinance Beta