This is not surprising; merely keeping KYC/AML records will not be enough for most nation-states. We should expect to see major CEXs "onboard" national law enforcement agencies.
This is somewhat related to how Twitter gave backend to a few US Federal agencies, so they could do their own moderation of what people post.
If a business is important enough, compliance is ultimately not enough. The State will demand direct control of the business.
This is not surprising; merely keeping KYC/AML records will not be enough for most nation-states. We should expect to see major CEXs "onboard" national law enforcement agencies.
This is somewhat related to how Twitter gave backend to a few US Federal agencies, so they could do their own moderation of what people post.
If a business is important enough, compliance is ultimately not enough. The State will demand direct control of the business.