KYC Will Not Protect Us, Bitcoin And Encryption Will
As regulators attempt to institute KYC and AML rules at the peril of our personal data, Bitcoin and encryption offer salvation.Our world is filled with atrocious threats, crimes and violence. Human trafficking, child abuse, state-sponsored violence, terrorism and a laundry list of other heinous acts require tools to fight back and ultimately reduce their frequency to as close to zero as possible. Unfortunately, there are massive disagreements about the types of tools we should use in order to be as successful as possible in this endeavor. In one camp, we have offensive tactics. These tools....
Related News
Smartphone encryption has been a topic of heavy debate over the past few months, and the opinions are divided to say the least. Both users and manufacturers want to preserve encryption or even add additional layers to protect user data. But on the other hand, various government officials are proposing bills to have encryption on smartphones weakened by default. Weakening Smartphone Encryption To Fight Human Trafficking. A little while ago, one US state lawmaker proposed a new bill to weaken smartphone encryption by default, to avoid its use cases for terrorism and other illegal use cases.....
Encryption. Many novices in Bitcoin believe this technology is some new, revolutionary invention born out of digital currency, but in fact, encryption has been around for generations. In Western civilization, your government, your banks, and your military have been keeping their dirty secrets for decades with encryption, and the common man has just started to see the benefits of this trickle down to street level. Your online banking and smartphone use it every day to protect your privacy…..for now. Some powerful people within the U.S. Government would like to see privacy come to an end....
Active discussions over Encryption ban take a new turn as the US Intelligence Committee Leaders released Discussion draft of Encryption bill. Bitcoin community members ring alarm bells. Encryption is not a new nor a radical discussion topic. It has been hitting the headlines even more for the last couple of months. Government officials around the world are proposing bills to have encryption weakened with the only intention to protect citizens from criminals and terrorists. A little while ago, the US state lawmakers proposed a new bill to weaken smartphone encryption by default, to avoid....
Discussions about encryption are becoming more of a norm than the exception these days, and the situation is only getting direr in certain regions. The Hungarian Parliament is in favour to ban end-to-end encryption in the not-so-distant future. Hungary Takes on End-to-End Encryption. According to local sources, the Hungarian parliament voted on an amendment which prohibits end-to-end encryption in the country. Similar to most other countries in the world taking an aggressive stance on encryption, they label this decision as part of the “ongoing war on terrorism in Hungary”. As a result of....
The interception of private correspondence is always a touchy subject. On one hand there are questions of privacy and on the other hand state security. There are many people who are willing to trade privacy for security in an era which is dominated by terrorism, strife and other random senseless violence. However, whatever may be the cost, privacy is important and the ability to carry out your business and private life without the fear of eavesdropping by third parties is still a right that most people yearn for. In an effort to protect their customer’s privacy, many companies are....