this post was submitted on 10 Nov 2025
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[–] adespoton@lemmy.ca 5 points 2 weeks ago (3 children)

Are you saying they allow it because they use cryptocurrency?

Because unlike cash, cryptocurrency is designed to be traced. Even Monero. That’s the entire point of a digital ledger on a blockchain.

[–] artyom@piefed.social 3 points 2 weeks ago* (last edited 2 weeks ago)

That's not how that works. The funds can be traced to a wallet, but not necessarily to any specific person. Why Silk Road was able to operate unabated for so long.

[–] msokiovt@lemmy.today 1 points 2 weeks ago

So you're saying cryptocurrency is the CBDC? That's the vibe I'm getting at.

[–] Tangent5280@lemmy.world 1 points 2 weeks ago

As long as you don't link it to yourself by doing some KYC or being exceptionally stupid it doesn't matter if they can read the public ledger