Before the imposition of these compliance mechanisms, NativeBitcoins was a useful gizmo for folks to improve their privateness on-chain. But even after, the stripped-down service helped facilitate a native bitcoin economic system – the platonic perfect of which might seem like alphanumeric addresses interacting with equally pseudonymous entities counting on Bitcoin’s structure to estable mutual “trust.” The firm onboarded and verified customers from 189 international locations. At its peak, in 2018, some 2,400 BTC traded arms weekly. By 2021, common weekly volumes dropped beneath 1,000 BTC. Last week, solely 283 BTC have been traded.
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