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That is a very exceptionalist view of the US. Imagine if a Chinese national said: "China has financial laws. Enforcing those laws is not tyranny" to justify an
by ETH_start 4y ago
That is a very exceptionalist view of the US. Imagine if a Chinese national said:
"China has financial laws. Enforcing those laws is not tyranny" to justify an incredible government over-reach into what any one in the world may publish, and how any one in the world may encrypt their digital financial transactions.
>>The simplest way to understand this is that money from crime is tracked so that investigators can follow it to the bad guys.
While there is abundant evidence that these laws impose massive costs on law-abiding citizens and companies, there is little to no evidence that they are effective at reducing crime:
https://www.tandfonline.com/doi/full/10.1080/25741292.2020.1725366 https://www.tandfonline.com/doi/full/10.1080/25741292.2020.1...
They do support the burgeoning regulatory compliance industry though.