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Byron
@byrongilliam
what's the counterargument to the idea that stablecoins should (and probably will) be forced to KYC all holders? https://jpkoning.blogspot.com/2024/08/stablecoins-digital-version-of-swiss.html
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Ryan
@ryanfmason
No worries I’ve got a good counter argument
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Jack Miller
@jackm
KYC is evil
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Kabezo
@kabezo
I cannot think of one, except that there are around $164b in stablecoins in the wild: https://app.rwa.xyz/stablecoins A concerted effort to prohibit the stablecoin killer-app would be a dagger in the heart of crypto. There are about $2b in tokenized US treasury products that are constrained by this KYC issue. I think they will struggle to gain adoption unless the general ban on bearer securities is eased.
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