Quote:
Originally Posted by 420
Sure, regs could give the masses confidence. But it's hard to speculate without knowing what those regulations might be.
Current aml regs already deter those who wish to remain anonymous. You have to send in 2 forms of ID to use the big exchanges. If exchanges like local bitcoins get shutdown, will those anonymous people get verified and use the big exchanges? I don't know and that's the situation I'd be worried about.
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The guys who want anonymity (they will always be able to have it with cryptos) are a drop in the bucket compared to the big funds and heavies who are on the sidelines for now.
People who think that being able to move cryptos to fiat anonymously is a big part of the appeal...well they don't know jack.