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38 sats \ 3 replies \ @alt 7h \ on: How do Non-KYC Bitcoin P2P platforms escape funding terrorism and Cartels? bitcoin_beginners
How does KYC prevent funding terrorism in the first place? It's not like the terrorists sign up for a bank account stating "occupation: islamic extremist".
There have been ways to funnel money and resources to illegitimate causes since the advent of money, and the presence of KYC/AML regulations hasn't stopped it.
I don't have any stats, but I would wager that removing KYC/AML and allowing total financial freedom for individuals would do more to reduce terrorism than the KYC/AML regulations achieve on their own.
I don't have any stats, but I would wager that removing KYC/AML and allowing total financial freedom for individuals would do more to reduce terrorism than the KYC/AML regulations achieve on their own.
How?
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I think there would always be both sides, no matter how freer the society gets.
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