Author: s7r 2016-06-23 20:46:46
Published on: 2016-06-23T20:46:46+00:00
In a Bitcoin developer mailing list, Peter Todd argued against the inclusion of anti-money laundering (AML) and know-your-customer (KYC) tools in Bitcoin, saying it was bad strategy for developers to participate in AML/KYC. He compared it to adding wiretapping functionality to Tor software and supporting digital rights management technology by W3C. He suggested that companies or individuals who want and need AML/KYC can find ways to do it at their side, isolated from the entire network, and the solutions shouldn't come from upstream. The built-in AML/KYC tools might draw expectations from all users from authorities. Todd called for BIP75 to be removed from the bips repository and urged people to boycott wallets that implement it.
Updated on: 2023-06-11T18:43:58.269554+00:00