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New FinCEN regulations will label you “guilty until proven innocent “ for using any cryptocurrency privacy tool w/ Seth for Privacy
88MWhce9wToCCENbRgfZ6X54Dx8HF4bYY79YkYN9nXeqCDmykzXuq48HWe6k9eZDkA4iYpLbTsvpXPnAGCALHTTMLUp8cWi
OR DONATE HERE: https://www.monerotalk.live/donate
TODAY'S SHOW: Douglas Tuman interviews Seth for Privacy, a Privacy tech advocate and Head of Strategy and Marketing for Foundation devices.
The two discuss Seth’s Freedom.Tech article on the extreme proposal fincen announced last week to extend the patriot act to include all cryptocurrency privacy tools.
Doug and Seth breakdown Fincens proposed regulations. Discussing the false justifications they cite, the potential implications on the financial institutions that will have to comply with these regulations, the impact on the users of crypto privacy tools, what privacy tools the regulations as written cover, including whether Monero is one of them, the suspected real reason why fincen and legislators are motivated to attack crypto privacy tools, and ultimately why Monero users and the wider crypto privacy community should be optimistic and focused on opting out and building out a parallel economy outside of the State controlled fiat system.
Timestamps:
(00:00:00) Intro
(00:02:00) Seth’s work recently, freedom.tech
(00:07:05) FinCEN’s proposal to extend the PATRIOT Act to crypto privacy tools.
(00:19:15) The broadening of the term “Mixing”
(00:28:10) Prosecuting everyone for the illegal action of a few
(00:33:40) The justification of "bad people use privacy tools"
(00:43:30) Pushing back on the government’s narrative
(01:00:44) Chainalysis’ symbiotic relationship with the government
(01:05:43) How this proposal would affect the average Monero user
(01:11:12) The claims about terrorism funding
(01:23:00) Making a parallel economy with Monero and closing remarks
(01:27:40) Outro
LINKS:
WEB: https://freedom.tech/patriot-act-comes-to-cryptocurrency/
TWITTER: https://x.com/sethforprivacy?s=21
SPONSORS:
Cakewallet.com, the first open-source Monero wallet for iOS. You can even exchange between XMR, BTC, LTC & more in the app! Monero.com by Cake Wallet - ONLY Monero wallet (https://monero.com/)
StealthEX, an instant exchange. Go to (https://stealthex.io) to instantly exchange between Monero and 450 plus assets, w/o having to create an account or register & with no limits.
WEBSITE: https://www.monerotopia.com
CONTACT: [email protected]
ODYSEE: https://odysee.com/@MoneroTalk:8
TWITTER: https://twitter.com/monerotalk
FB: https://www.facebook.com/MoneroTalk/
HOST: https://twitter.com/douglastuman
INSTA: https://www.instagram.com/monerotalk/
TELEGRAM: https://t.me/monerotopia
MATRIX: https://matrix.to/#/%23monerotopia%3Amonero.social
MASTEDON: @[email protected]
MONERO.TOWN: https://monero.town/u/monerotalk
View all episodes
By Monero Talk
4.5
4343 ratings
88MWhce9wToCCENbRgfZ6X54Dx8HF4bYY79YkYN9nXeqCDmykzXuq48HWe6k9eZDkA4iYpLbTsvpXPnAGCALHTTMLUp8cWi
OR DONATE HERE: https://www.monerotalk.live/donate
TODAY'S SHOW: Douglas Tuman interviews Seth for Privacy, a Privacy tech advocate and Head of Strategy and Marketing for Foundation devices.
The two discuss Seth’s Freedom.Tech article on the extreme proposal fincen announced last week to extend the patriot act to include all cryptocurrency privacy tools.
Doug and Seth breakdown Fincens proposed regulations. Discussing the false justifications they cite, the potential implications on the financial institutions that will have to comply with these regulations, the impact on the users of crypto privacy tools, what privacy tools the regulations as written cover, including whether Monero is one of them, the suspected real reason why fincen and legislators are motivated to attack crypto privacy tools, and ultimately why Monero users and the wider crypto privacy community should be optimistic and focused on opting out and building out a parallel economy outside of the State controlled fiat system.
Timestamps:
(00:00:00) Intro
(00:02:00) Seth’s work recently, freedom.tech
(00:07:05) FinCEN’s proposal to extend the PATRIOT Act to crypto privacy tools.
(00:19:15) The broadening of the term “Mixing”
(00:28:10) Prosecuting everyone for the illegal action of a few
(00:33:40) The justification of "bad people use privacy tools"
(00:43:30) Pushing back on the government’s narrative
(01:00:44) Chainalysis’ symbiotic relationship with the government
(01:05:43) How this proposal would affect the average Monero user
(01:11:12) The claims about terrorism funding
(01:23:00) Making a parallel economy with Monero and closing remarks
(01:27:40) Outro
LINKS:
WEB: https://freedom.tech/patriot-act-comes-to-cryptocurrency/
TWITTER: https://x.com/sethforprivacy?s=21
SPONSORS:
Cakewallet.com, the first open-source Monero wallet for iOS. You can even exchange between XMR, BTC, LTC & more in the app! Monero.com by Cake Wallet - ONLY Monero wallet (https://monero.com/)
StealthEX, an instant exchange. Go to (https://stealthex.io) to instantly exchange between Monero and 450 plus assets, w/o having to create an account or register & with no limits.
WEBSITE: https://www.monerotopia.com
CONTACT: [email protected]
ODYSEE: https://odysee.com/@MoneroTalk:8
TWITTER: https://twitter.com/monerotalk
FB: https://www.facebook.com/MoneroTalk/
HOST: https://twitter.com/douglastuman
INSTA: https://www.instagram.com/monerotalk/
TELEGRAM: https://t.me/monerotopia
MATRIX: https://matrix.to/#/%23monerotopia%3Amonero.social
MASTEDON: @[email protected]
MONERO.TOWN: https://monero.town/u/monerotalk
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