But in a world where the blockchain transactions are truly untraceable, the significant anti-money laundering (AML) rules and regulations built up since the 1970s, and the expanded anti-terrorist financing (CFT, or countering the financing of terrorism) processes put in place since the 2000s, may become toothless. The status quo among crypto, law-enforcement and national-security communities will turn into open conflict.
The Dollar Won, but Might the U.S. Lose Control of the Dollar?
Synthetic dollars, in effect, can cost more than “real” dollars because you need to over-capitalize your collateral in order to...