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Cross border money transfer is one reason. People in 3rd world countries don't want to hold their money in the country. Many want to get paid by stablecoins.
by ergocoder 1y ago
Cross border money transfer is one reason. People in 3rd world countries don't want to hold their money in the country. Many want to get paid by stablecoins.
- ares623 1y agoI agree the AML laws of old are out of date for the current state of things. More and more workers in developing countries are doing remote work, and AML is unfortunately unfairly affecting this demographic (I used to be part of that demographic). But enabling everyone to skirt around it completely is not a good outcome IMO.
- ergocoder 1y agoIncreased privacy and independence from a government will always benefit both good and bad actors unfortunately.
- kragen 1y agoThey aren't old. They were passed this century—because, in democratic countries, they were politically radioactive until the 9/11 attacks allowed the Intelligence Community to get its wishlist passed into law. Enabling everyone to skirt around it completely would be in effect a return to the state of affairs that prevailed throughout the entire 20th century, and that would probably be a good tradeoff.