0 sats \ 2 replies \ @Coinsreporter 28 Mar freebie \ parent \ on: Is Lightning a Big Fat Target for the State? bitcoin
No, that's needed to combat terrorism funding. There used to be a lot of terrorist activities in my country until AML/ATF rules weren't strictly in place.
They aren't good for decentralization of money dream though.
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62 sats \ 1 reply \ @kepford OP 28 Mar
The US dollar is the primary medium of exchange for terrorism funding. KYC/AML hurt everyone and seem to have little effect on criminals.
These laws literally create giant honey pots of data of innocent civilians ripe for the picking. I have never seen data showing the effectiveness of AML/KYC but every day there is a data breach.
I guess we have to agree to disagree.
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53 sats \ 0 replies \ @Coinsreporter 28 Mar
The US dollar is the primary medium of exchange for terrorism funding.
Absolutely correct. It's also a sad truth that criminals are criminals and they don't abide to any rules, be it hang till death.
Also, there's absolutely no data out on the internet showing effectiveness of AML/KYC.
Thanks for the healthy discussion. Now I can say with a lot more confidence. F**k the KYC/AML, governments and their propoganda.
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