That's a good argument against the dangerous user exclusionary and discriminatory policies - KYC/AML.
reply
Agree. The measures put in place are in the name of protecting society. This is another data point that the measures are not proportionate to their risk.
reply
“new financial technologies have indeed been used in the procurement and financing of attacks, but only with certainty in a small proportion of cases”
“tend to be well-known, first-generation payment platforms (such as PayPal), which are ubiquitous in society in general. Most notable by their absence are VAs, where, despite concerns about their potential abuse as a way to pay for illicit items, they only appeared in one case.”
Recommendations include calibrating policies and regulations to take into account that crypto is lower risk than typically thought.
This is a really old UK think tank that is very influential (They inform policy with FATF and others). Interesting because I believe this is honest research of an independent organisation with no crypto affiliation, making the point that crypto presents low risk for terrorist financing. Useful when trying to orange pill those concerned about Bitcoin and “terrorism”.
reply