Will it still be possible to purchase a VPS in another country and pay with Monero or something? This seems like insane over reach, are theu going to make it illegal for americans to do business with international IAAS providers?
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The current administration and its agencies have clear contempt for any sort of crypto privacy they have shown in a variety of ways. The Tornado Cash sanction and criminal charges, recent Bitcoin mixer criminal charges, the proposed rule putting a "Primary Money Laundering Concern" black mark on people seeking crypto privacy in virtually any way... if it's possible to still purchase online services privately after this, I'm sure they will go on to take further measures to try to close the "loophole". They don't want anyone doing things without being able to monitor them.
What would keep people living/companies working in the US from moving their infrastructure out of the country and having encrypted tunnels?
Cost. US is the biggest economy in the world and most tech companies are American. They could say if you don’t do this you can’t do business in America. Like cutting off tech companies doing business with China. It stopped non American companies.
This will never fly. Asking ISPs to verify identity is not a thing anyone is capable of doing. I've worked for hosting companies for the last 20 years.
So don’t all ISPs know their customers. Usually they provide service to your place of residence or work.
Unless your ISP is running a cloud service, it wouldn’t be their problem. AWS, Azure, Google etc would be the ones hit with stronger identification requirements.
I'm not talking about residential ISPs.
Which ISPs. Also have hosting.
If a law were passed, infrastructure would materialize. Our freedoms cannot depend on the idea no one will step up to make money solving these "problems."
Let's hope not, this sounds absolutely atrocious. Privacy rights are in such a sad state.
I can totally just see my company moving all overseas or regional cloud operations migrating to some awful Equinix DC.