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> The article's viewpoint relies on accepting AML regulations and financial surveillance as beneficial. You might want to check the last section of the article
by DylanSp 3y ago
> The article's viewpoint relies on accepting AML regulations and financial surveillance as beneficial.
You might want to check the last section of the article:
> We are a nation of laws. I’d support reforming some of them; a lot of the AML/KYC regulatory apparatus harms individuals who have done no wrong. Much is not well-calibrated in terms of societal costs versus occasionally facilitating a Bond villain’s self-immolation.
> However, in the interim, one cannot simply gleefully ignore the laws because the opportunity to do so allows you to become wealthy beyond the dreams of avarice. [...] I do not know if we’ll ever have a world with this scale of crypto businesses without the crime. The crime was the product.
- ric2b 3y agoThe crime is the product because that's what's left after the media makes it sound like everyone using crypto is either an idiot or a criminal, so most businesses avoid it because they don't want to be labeled as either.