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The concerning aspect is 1 of 6 objectives so it’s no minor goal. The transmission to self-hosted anonymous wallets is what makes crypto so effective for fraud,
by MASNeo 5mo ago
The concerning aspect is 1 of 6 objectives so it’s no minor goal. The transmission to self-hosted anonymous wallets is what makes crypto so effective for fraud, sanction evasion, money laundering and other crimes. It clearly fails FATF Recommendation 16 and virtually all KYC standards. Seeing Coinbase and a German exchange support such an objective is rather unexpected.
- photios 5mo agoAll my life I've dreamt of fighting for and fulfilling FATF Recommendation 16. :D
- MASNeo 5mo agoI can only imagine what a nightmare real life must be like :D
- solumos 5mo agoI see nothing advocating against requiring KYC for user wallets and continuing to do wallet screening (which is the norm)
- woah 5mo agoAnalogous situation to self-hosted communication encryption keys, where criminals can host military-grade encryption keys on any common mobile device, allowing them to discuss child porn and terrorism in a way that the police cannot monitor