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0 points0xDEAFBEAD10mo ago0 comments

Does holding stablecoins require any sort of KYC? Or do I just need to maintain the security of a private key?

If the latter, I think that explains why stablecoins are popular in countries with weak institutions.

In a country with strong laws, and strong rule-of-law, "Code is Law" is a solution in search of a problem. But in a country with weak laws, it can be a lifesaver.

0 comments

bearl10mo ago

Coins discourage if not undermine rule of law and weaken strong institutions. It’s the cat chasing it’s tail.

0xDEAFBEADOP10mo ago

What's the evidence for this?

bearl9mo ago

Their usage.

baq10mo ago

I'd consider this more of an export of US law than 'Code is Law' TBH.

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