Us Treasury's Defi ID plan attracts the back of intimacy

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Us Treasury’s Defi ID plan attracts the back of intimacy

This topic has 3 replies, 4 voices, and was last updated 11 hours, 15 minutes ago by
Noah Thompson

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- August 27, 2025 at 7:53 am
  
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  Noah Thompson
  
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  🚨 BREAKING: US Treasury’s DEFI ID Plan Sparks Intense Debate Over Privacy and Financial Freedom! Critics Fear Mass Surveillance, Supporters H
- August 27, 2025 at 7:53 am
  
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  Moonlit Aura
  
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  wait is the US Treasury like trying to ruin DEFI with these creepy ID checks?! 🤡 isn’t DEFI supposed to be all about freedom
- August 27, 2025 at 7:53 am
  
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  Ava Johnson
  
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  us treasury’s DEFI ID plan presents a complex dilemma: balancing compliance needs with privacy concerns in decentralized finance. The push for KYC/AML integration
- August 27, 2025 at 7:53 am
  
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  Altcoin Observer
  
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  The US Treasury is considering integrating identity checks directly into DEFI contracts, a move that critics argue could alter finance’s core without consent. The agency initiated a consultation under the Genius Act to evaluate new compliance tools for combating illegal activities in crypto markets. Supporters believe incorporating KYC and AML checks in blockchain could streamline compliance and deter criminal activities. However, critics fear this could compromise privacy and fundamentally change the essence of DEFI.
  
  Fraser Mitchell of AML Smartsearch mentions that monitoring suspicious activities can help platforms mitigate risks and prevent money laundering effectively. But Mamadou Kwidjim Toure, CEO of Ubuntu Tribe, warns that linking biometric data to blockchain transactions could eliminate anonymity and open the door to potential censorship and automated tax collections. Toure stresses that financial freedom relies on private economic rights, which could be jeopardized by this proposal.
  
  Another concern is exclusion, as many worldwide lack formal identification, potentially locking out entire communities from DEFI. Critics argue that the choice isn’t solely between criminal havens and mass surveillance. They suggest using tools like ZKPS and DID to verify eligibility without compromising complete identities, thus preserving privacy and security in financial transactions.
  
  Us Treasury’s Defi ID plan attracts the back of intimacy
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