We are losing power over our own cryptocurrency.

We live in an upside-down world where, cryptocurrency is no longer ours. How is this possible, you ask, if Satoshi Nakamoto promised us total independence from the banking system?

It's simple: the banks have reorganized and gotten out of the way of money laundering, i.e. their original occupation. Yes, yes, again the bees against honey, only this time the honey is called AML.

(AML, Anti-money laundering - anti-money laundering, anti-money laundering and anti-terrorist financing).
AML is the new face of banks. "Banks" I refer here to the traditional financial system and all its managers.

Watch your hands: any transaction you make can be blocked by the mere fact that there are black dots in the history of the cryptocurrency that went into your wallet. You're carrying a bill in your hand: someone may have once ended someone's life because of it, but it's not your fault. However, in the case of cryptocurrency, you are even more to blame! First prove that it wasn't you.

What about the presumption of innocence?

The presumption of guilt reigns here, because if you are using cryptocurrencies, then you have something to hide. Repent and turn yourself in to the FATF.

(FATF, Financial Action Task Force, is an international intergovernmental organization created to develop and implement measures to combat money laundering and terrorist financing).

FATF looks you in the eye and says: we want to see all your financial transactions, because you are probably trying to launder your illicit profits.

But I am a bona fide bourgeois, I just want to use cryptocurrencies, they will object! No, no, no, first prove that you are not a drug dealer, the FATF or its servants dressed in the uniform of anti-money laundering controllers will reply. But are we drug dealers? No? Then let's throw off this yoke.

After all, what is the main purpose of a bank? It is that you manage your money not by yourself, but through third parties, and those who have the power to judge the correctness of transactions and ask: and explain yourself, dear friend, where did you get this money from and on what basis do you transfer it now? This whole ancient financial system fits into a simple formula: not your bank - not your money, because only cryptocurrency turns us into our own personal banks.

They say: we are fighting money laundering. But according to UN estimates, the banks themselves launder about $2 trillion annually. Compared to that, what is laundered in crypto is just a drop in the ocean ($22 billion for the whole year 2023). Moreover, only 0.15% of all cryptocurrency transactions are associated with illegal activities. Along with this, between 2% and 5% of traditional fiat funds are related to criminal activities.

But all these statistics are irrelevant, as your coins can be blocked indefinitely by any cryptocurrency service that doesn't like your AML score. Some will even require you to get a court order to unlock them (I'm telling you: the world turned upside down).
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