KYC-Free Bitcoin Circular Economies – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

KYC-Free Bitcoin Circular Economies – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides



What Is A Round Financial system?

A Bitcoin round economic system is a free market the place you may commerce any services or products for bitcoin, together with every day wants like meals, jobs and housing.

The state censors fiat markets through laws, permits and KYC. As compared, a Bitcoin round economic system is peer-to-peer and meritocratic — no state permission or authorities ID is required to take part.

Sensible examples embrace native Bitcoin market teams in Telegram, a farmers market that accepts bitcoin, KYC-free house leases or a Bitcoin medical insurance. Extra use circumstances are lined on this article.

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