As the monetary system is rebuilt to be more… efficient and meet the demands of a Web3 high connectivity, Ai assisted age, it is imperative that people understand the pitfalls of the age of transparency. The blockchain is a miraculous thing as it is decentralised, opening it up to scrutiny far beyond that of the traditional financial system, by virtue of being on a blockchain transactions become immutable and unable to change for fraudulent behaviour by finance houses. However this in turn opens up concerns of privacy from government and big tech who have the ability to track every transaction and although your Bitcoin can not be seized you can be investigated and have criminal criminals brought against as the paper trail for those who have the expertise and care to track it is far more detailed, from New South Wales in Oz through to China, each transaction can be tracked and scrutinised and new laws could mean that those who deal in crypto instead of Kash, will face detainment and device seizure.
Which is wonderful as law abidingness is closest to godliness, we at Moneybrain work tirelessly using Chainalysis industry standard licenses to ensure the integrity of our eco system and root out the bad actors.