Comment on Itch.io is delisting NSFW games due to pressure from payment processors

• hisao@ani.social ⁨3⁩ ⁨weeks⁩ ago

  Elaborate please.

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  • _cryptagion@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

    They don’t need to, crypto is already heavily regulated. If you’ve been alive at all in the past decade, you know this.

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  • ipitco@lemmybefree.net ⁨3⁩ ⁨weeks⁩ ago

    Except Monero and a few exceptions, AML and KYC checks are everywhere. Tainted coins and shit.

    Crypto goes somewhere that they don’t like? Crypto is seized when it reaches an exchange and they ask for ID and source of funds

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    • hisao@ani.social ⁨3⁩ ⁨weeks⁩ ago

      Crypto goes somewhere that they don’t like? Crypto is seized when it reaches an exchange and they ask for ID and source of funds

      I don’t understand. Lets say I have a normal bank card, I paid taxes for all the money I got there. Sometimes I buy crypto using p2p on some platform using this card. I trade this crypto with some other crypto on the same platform. Periodically I send crypto to my personal wallet from there. From my personal wallet I buy porn games for example. At which point someone comes in and seizes anything?

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      • ipitco@lemmybefree.net ⁨3⁩ ⁨weeks⁩ ago

        They would not, but you would not be anonymous this way. You get problems when:

        • The crypto you received is through a shady source (it could be any individual which pays you with dirty coins)
        • You engaged in pro-privacy activity, which links you with illegal activity, like coin mixers to blur the origin and destination of crypto
        • You received more crypto than you bought

        Some countries straight up force you to declare every transaction you make with crypto, which isn’t doable for most people and puts them in illegality

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  • prole@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

    Nearly every cryptocurrency (aside from like Monero), are literal open, transparent ledgers that anyone can view and analyze.

    It’s not anonymous at all.

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    • hisao@ani.social ⁨3⁩ ⁨weeks⁩ ago

      Look, when you use some platform with KYC, they indeed can tie that id information you give them to your internal addresses you use on the same platform. But the moment you send it to your external wallet that link is lost. They can see the transaction but they don’t know and can’t check if that destination address belongs to you, or it’s a person who sold you something, or it’s your friend/relative, or someone you donated to, etc.

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      • prole@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

        This is naive and incorrect. There is a reason why darknet markets these days only deal in Monero these days, for the most part.

        I’m not saying it’s trivial, but there are literally corporations dedicated to analyzing block chains for law enforcement. It’s an entire industry.

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