The Slow Criminalization of Peer-to-Peer Transfers

Regulators use financial The Slow Criminalization of Peer-to-Peer Transfersinstitutions such as banks to control the flow of wealth. The digital exchange companies that serve as “trusted third parties” are the main control points for bitcoin. That’s the point at which privacy is stripped from users, and the transfer of wealth can be closely monitored. For regulations to work, therefore, users must be herded toward trusted third parties who function as an arm of the government.

Because peer-to-peer exchanges sidestep digital exchanges, the former are slowly being criminalized.

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