Taxes KYC and How Governments Are Making Bitcoin Harder #podcast #bitcoin #interview #investing

But people are starting to wake up because in the Netherlands, right, you now have— and in Australia I think as well— you now have the government taxing you on unrealized capital gains. So this is money that you haven't even made yet and the government already wants to start taking it from you. Uh, in Europe there is the know your customer, or as Francis says it better, and I really respect Francis, the full Bitcoin— the kill your customer law, right? Why is it called the kill your customer? Why do we call it the kill your customer versus know your customer? Because these, you know, the governments have to hold your information and serve, uh, you know, keep it on a server, but they're not really doing a good job of keeping our, our data safe. And you know, in the— in the— I've had customers— we have customers from all over the world, right? I have customers from the— from Europe, from the European Union, telling me that their exchanges will not send you your Bitcoin unless you sign off that the address you're sending it to belongs to you. So you have to sign a message with your key in order for the exchange to send you your, your Bitcoin, right? So we're already starting to see in these developed countries how they are using or not using Bitcoin, or how they are, uh, you know, starting to create a lot of friction