On P2P payments from their FAQ: “While the payment appears to be directly between wallets, technically the operation is intermediated by the payment service provider which will typically be legally required to identify the recipient of the funds before allowing the transaction to complete.”
How about, no? How about me paying €50 to a guy for fixing my bike doesn’t need to be intermediated and KYCed? How about it’s none of the government’s business how I split the bill at dinner with friends? This level of surveillance is madness, especially coming from an app that touts “privacy” as a feature.
True but in this case I’m talking about dark web illegal activity
Taler can be used for custom currencies too. Anyone can run a mint for their own currency, and anyone can participate in handing out coins of a given currency, problem in exchange for things outside of the system. The reporting capability of Taler is tied to the currency.
We will probably see it if it can really be done, but I think “traditional” cryptocurrencies could be implemented on top of taler.
You could use Crypto with Taler but it wouldn’t make a lot of sense as crypto is digital anyway. It also would have all the draw backs of crypto.