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The collateral damage done by AML laws is absolutely massive: https://www.coindesk.com/money-reimagined-ugly-side-kyc-aml-obsession https://www.coindesk.com/mo
by CryptoPunk 6y ago
The collateral damage done by AML laws is absolutely massive:
https://www.coindesk.com/money-reimagined-ugly-side-kyc-aml-obsession https://www.coindesk.com/money-reimagined-ugly-side-kyc-aml-...
>>At a 2015 blockchain event, Nairobi-based bitcoin pioneer Elizabeth Rossiello answered an audience question about the impact on Somalians of a recent shutdown in remittance inflows after the U.S. government had labeled the country a “high-risk jurisdiction.” The AZA Group CEO’s answer was blunt: “They starve.”
Meanwhile, there are some analyses that suggest they have very little impact on crime:
https://www.ledgerinsights.com/anti-money-laundering-has-less-than-1-impact-on-crime-at-what-cost/ https://www.ledgerinsights.com/anti-money-laundering-has-les...