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OECD will introduce CRS for crypto in 2021

First they ignore you, then they laugh at you, then they fight you, then you win. (probably not actually said by Mohandas Gandhi)

We're heading into stage 3?
Following the travel rule, expect some restriction on depositing from or withdrawing to your personal wallet. An attempt to curtail DeFi and keep some kind of monopoly on currency, but is the cat too far out of the bag?

Coinbase's CEO wrote a surprisingly insightful thread about this.
 
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If the government knows the wallet address of the foreign exchange, all transactions through hosted wallet can be performed through transaction analysis.
Wallet address of what? Or of who?
And how would the government match its citizens or residents with those public addresses of the crypto ledger?

the amount of addresses is nearly infinite. You know my address of my wallet? I've got billion ones more that you don't know of.
 

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