Bitcoin, as a decentralized protocol, already offers the highest level of transparency compared to any other financial network. Every transaction is visible, verifiable, and immutable on the blockchain. The debate around “new KYC/AML tools” often overlooks the fact that traditional assets are far more opaque: offshore bank accounts, complex corporate structures, and the shadow banking system pose risks that are incomparable in scale.

The real risk does not lie in the use of Bitcoin itself, but in the reliance on custodial intermediaries (e.g., exchanges lacking proper oversight). These intermediaries can misuse customer data or fail to manage risk responsibly.

On-chain Bitcoin data provides unprecedented traceability—something that is simply not possible with fiat cash or complex derivatives. Portable digital IDs may reduce friction, but they carry severe risks for individual freedom and privacy. Bitcoin’s ecosystem derives value precisely from the fact that users can transact without surrendering personal data to third parties.

Excessive emphasis on collecting personal information does not prevent crime; it merely creates new databases that are vulnerable to breaches.

The true regulatory focus should be on the centralized platforms that convert fiat into Bitcoin, not the protocol itself. Efforts should be concentrated on custodians, exchanges, and banking institutions that manage fiat flows.

Thank you very much! I’m glad to be here.

Hi, thanks for the welcome.