Laws like the Bank Secrecy Act, which turns 50 this week, have helped stop money laundering and terrorism. But KYC and AML requirements have served to harm the world's neediest through higher costs and reduced services.
via CoinDesk
Friday, October 23, 2020
CryptoCurrency News: Money Reimagined: ‘They Starve’: The Ugly Side of the US’ KYC-AML Obsession
Laws like the Bank Secrecy Act, which turns 50 this week, have helped stop money laundering and terrorism. But KYC and AML requirements have served to harm the world's neediest through higher costs and reduced services.
via CoinDesk
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