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Swedish regulators forced peer-to-peer Bitcoin platform Peach to suspend its KYC-free escrow service. Keyon argues that regulators have zero incentive to protect users from scams, preferring massive databases of private financial data to ease surveillance.
Peach Bitcoin paused its peer to peer escrow model due to pressure from Swiss regulators seeking to reclassify the business. Without escrow protections, non-KYC sellers are limited to one active trade, and buyers face increased risk of counterparty rug pulls.
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