That makes me a bit sad to hear. Governements can't outright make crypto illegal though can they?

I would be interested too to see a use case of ciphertrace Scout app. I guess it would take downloading and trying it out for a run first. I ultimately want to know how it would work on site if they found anything

Wouldn't you want a lot to help diversify funds? Just like banks?

Does Ciphertrace tech work for privacy coins?

I can imagine that there are going to be many more countries that are going to be anti Libra. If Europe is one of the first then I would imagine Asia could be next

The last time I used a QR code was in association with my wallet. I went to this event where you could only purchase drinks from the bar paying with crypto in which the bartender scanned to redeem the money.

What are everyone's best practices to holding private keys? I read to not keep it on your phone or desktop but also how does anyone memorize it? What about a place like Lastpass?

I hadn't really heard much about this but apparently four out of five results returned when asking Google for a 'bitcoin qr generator' lead to scam websites. The sites then generated a QR code that encodes an address controlled by the scammers instead of the one necessary for the user.
Apparently instead of scammers making their own fake QR codes they have a blockchain explorer API to generate the QR for their address.

This scam falls into the reported $4 billion of digital currency stolen in Ciphertrace AML report.

https://www.forbes.com/sites/billybambrough/2019/09/12/researchers-have-issued-a-serious-bitcoin-qr-code-warning/#3ef6ff256d12

that is crazy!! I would never have known if you hadn't posted. I appreciate it

So does that mean holders of NULS are the ones who would technically be able to vote for a project to be successful? So they would receive funding from the NULS coins

Will need to work with companies to help with AML compliance like Ciphertrace

I also think people are able to track and trace crimes so it's a way of getting a proper measurement. You can't really do that with fiat.

NULS 2.0 upgrade finalizes today and they have a whole list of additions including a wallet upgrade, tools to build, new staking method and interoperability. Full list here: https://medium.com/@nuls/the-final-hours-are-approaching-for-the-nuls-2-0-mainnet-launch-6da02ecefe1c

This wouldn't have been possible to do without advanced technology like that Ciphertrace provides. Imagine if we had similar tracking to that of fiat

CipherTrace has published their final white paper and open source software for wallet providers and crypto exchanges to comply with the FATF travel rule.

This means that their Travel Rule Information Sharing Architecture (TRISA) would allow exchanges and wallet providers to share payment details and exchange KYC info.

Exchanges adopting TRISA are essentially creating a 'extended validation know-your-VASP certificate' which would be verified through a third-party trusted certificate authority.

FinCEN released guidance on May 9th that gave exchanges 180 days to comply with the travel rule. I am really interested to see what everyone's thoughts are regarding the travel rule, how exchanges are meant to comply and what your thoughts are with the government making their first step into crypto.



https://www.coindesk.com/ciphertrace-enters-race-to-solve-cryptos-fatf-compliance-headache

Are you considering NULS SCO at all too?

I've been using Lolli for some time. They just added Postmates last week which I think is pretty huge

According to Ciphertrace's report on Anti Money Laundering almost all drugs sold on darknet are bought with crypto. The University of Technology Sydney reports that 46% of illegal activity per year is associated with Bitcoin. I found this article interesting because it is a hot topic of conversation for a lot of people who are quick to judge crypto.

While it makes sense to use unanimous money to purchase drugs, cash seems to remain the largest use for carrying out illicit transactions because it is untraceable. Ciphertrace did point out that 76% of transactions on dark markets are still made with BTC mostly due to it being the most widely known.

What are your thoughts on this topic? Do you think it's going to be a better way to track where money is moving?


https://cointelegraph.com/news/crypto-cash-and-drugs-crypto-use-grows-as-drug-trade-digitalizes

I would look a bit into NULS

NULS because of the ecosystem they are building. Also a pretty big project looking to expand crypto projects in general