Regulatory Landscape & Privacy - Regulations in Europe are increasing monitoring of encrypted chats, potentially impacting on-chain capital movement [1] - Industry anticipates a future where on-chain capital transactions will require identity verification [1] Risk Management & Mitigation - Industry suggests storing capital on a private chain as insurance against future regulatory constraints [1]

Wow!Along with Europe's CBDCs, this might be the most draconian thing I've seenCapital controls, straight out of N.KoreaReason 500 why I've been annoying you all about pushing privacyThere is no other defense, accelerate crypto and privacy before it's too late https://t.co/IBzOPmQ06bStani.eth (@StaniKulechov):The Bank of England is proposing a cap on individual stablecoin holdings, limiting ownership to just £10,000–£20,000 per person in the name of “systemic risk.”This is absurd, and we need to push back a ...