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Whales are paying some poor politicians in banana republics to introduce bills promoting custodial wallets and KYC services to adopt cryptocurrencies. The wrong approach since there will be third parties involved and especially KYC procedures that will only pave the way for CBDCs. These bills even if they succeed eventually they will harm cryptocurrencies. They are drafted to create a sentiment that crypto is important but don't adopt the non-custodial services that give control of the funds to the individual. Governments will only accept crypto with non-custodial wallets if the people ask for it.

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