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The protections aren't just for you. They're also for the impact your actions have on everyone else. You may not care about money laundering, but most Americans
by colinmhayes 4y ago
The protections aren't just for you. They're also for the impact your actions have on everyone else. You may not care about money laundering, but most Americans do, so it's regulated.
- cercatrova 4y ago> but most Americans do, so it's regulated. I'm not a cryptocurrency supporter, but I'd like to see any surveys about this because I highly doubt the average American cares or even thinks about money laundering.
- notch656a 4y agoIf I asked the average American if they were ok with government scrutiny of their bank account I seriously doubt they would agree with you. As some purely theoretical argument about stopping al capone from washing money he's paying to hitmen or something I'd sure they'd agree, but when it comes to the nitty gritty like not being able to open a bank account without an address or a report being written up because they pulled $11k out to buy a used car I think it's doubtful. I'd really like to see your survey showing Americans support AML laws as written. In fact, Chevron Deference has resulted in many policies being implemented without the majority of even _representatives_ agreeing on a policy, let alone the majority of the public.