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102 sats \ 0 replies \ @SwapMarket 16 Aug \ on: AML compliance for cryptoassets [pdf] - Bank of International Settlements privacy
these idiots have no idea what they are dealing with. they cannot see wallets on the blockchain, only pseudonymous addresses. they cannot identify, let alone stop, cross border transfers and peer-to-peer atomic swaps. off ramping 'tainted' btc coins is trivial via lightning and liquid networks. there can be servers in non-fatf jurisdictions running swap backends for trustless trading. open source code cannot be forced into compliance with local laws. of course they dream to kyc internet and spy on all comms. but this will be futile.