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good thing bitcoin is anonymous and donating to Ukraine is a use case (bsky.app)
submitted 3 days ago by [M] to c/buttcoin@awful.systems
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text:

Binance reportedly handed Russian investigators data on IT specialist Yuri Belenky, who donated around $700 in crypto to Ukraine’s military while living in the EU.

The information was later used as evidence in a Russian “terrorism financing” case against him.

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[–] 5 points 3 days ago (1 child)

Isn't it more of an "obfuscation" thing? Maybe not anonymous but if you don't know who the owner of a certain wallet is that has a transaction visible, then what use is that information for you? Or do you have to register wallets somewhere, I haven't looked into this for like a decade or longer and I faintly remember not having to provide anything for a wallet.

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  • [–] 8 points 3 days ago (1 child)

    You don't have to provide anything to make a wallet, but you do have to give banking details to whomever you buy the tokens from, and as of the boom a few years ago, any exchanges that don't want to be cut off from the global banking system will be as thorough about verifying and retaining data about your identity as any other regulated bank. Proper obfuscation would require something like buying Bitcoin for cash on the street and doing some prosecutable money laundering for good measure.

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