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This would work, but there are all sort of secondary problems with forcing service providers to take on the role of policing their networks. There are more than
by aqme28 6y ago
This would work, but there are all sort of secondary problems with forcing service providers to take on the role of policing their networks. There are more than a few detractors of KYC laws, for example.
- brewdad 6y agoBesides the banks and financial services themselves? I would expect them to lobby against KYC since it internalizes the costs. No business wants to take on costs that could otherwise be passed on to others. That is the core of why regulations are needed.