Major Attack On Bitcoin (FinCEN)

Learn how to coinjoin your Bitcoin:
https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoinShow more

In this video, I discuss FinCEN's proposed regulation of "CVC mixing." This regulation is being sold as a way to prevent terrorist financing, but it is actually an attack on basic human freedoms and the fundamental human right to transact in a sovereign and private manner. It will not stop terrorists (who prefer to transact using the US dollar anyway), but it will hurt honest private citizens.

Rather than targeting custodial mixers, this proposed regulation essentially criminalizes basic Bitcoin transactions such as consolidating UTXOs, or withdrawing Bitcoin from an exchange.

With very high inflation and currency debasement on the way, the US government is incentivized to discourage people from using sovereign BTC and instead to herd them into products like Bitcoin spot ETFs which can be more easily controlled or confiscated.

At the end of the day, Bitcoiners may need to resort to civil disobedience. Similar to the civil rights movement and the fight against the drug war, it is morally right to fight against unjust and dehumanizing laws.

Not investment advice! Consult a financial advisor.

Fiat Idiot (Janet Yellen):
https://www.youtube.com/watch?v=oN61C70zw3g&ab_channel=BitcoinUniversity

Title 3 of the Patriot Act:
https://en.wikipedia.org/wiki/Title_III_of_the_Patriot_Act

FinCEN:
https://en.wikipedia.org/wiki/Financial_Crimes_Enforcement_Network

Shut The Exits, Boil The Frogs (Financial Repression):
https://www.youtube.com/watch?v=O-Gvg5iR-pA&ab_channel=BitcoinUniversity

FinCEN Proposes New Regulation to Enhance Transparency in Convertible Virtual Currency Mixing and Combat Terrorist Financing:
https://www.fincen.gov/news/news-releases/fincen-proposes-new-regulation-enhance-transparency-convertible-virtual-currency
https://www.fincen.gov/sites/default/files/federal_register_notices/2023-10-19/FinCEN_311MixingNPRM_FINAL.pdf?ref=nobsbitcoin.com

Executive Order 6102:
https://en.wikipedia.org/wiki/Executive_Order_6102

The US Constitution Is A Shipcoin:
https://www.youtube.com/watch?v=0WFDXuYgT-k&ab_channel=BitcoinUniversity

Submit a formal comment:
https://www.federalregister.gov/documents/2023/10/23/2023-23449/proposal-of-special-measure-regarding-convertible-virtual-currency-mixing-as-a-class-of-transactions

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#USA

Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.