Quote:
Originally Posted by Krovikan
Depends on where the exchange that you are purchasing form and how legitimate the exchange wants to be. As a consumer, you want to use the services of the most legitimate exchanges possible so you are less likely to be the victim of a scam. If you go for a Canadian exchange they will be subject to Canadian financial and anti-money laundering regulations.
Also unless you are trading in a privacy coin you are trading on a public ledger which means there is no privacy. That being said it is very... very easy to obfuscate your transactions when using multiple coins if you understand the networks.
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Right but I guess when you layer on all of the factors that make this increasingly legitimate it defeats the point of these alternative currencies to an extent. If you're jumping through all of the securities regulations and everything that comes with that, then isn't the only reason to be in these due to speculation? The usefulness seems to be slipping away here?