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Re:The Web3 Fraud by Nursie on Friday December 17, 2021 @12:19AM (#29588134)
KYC and AML are considered positives by most people, being great ways to cut down on fraud, make banking hard for criminal enterprises etc etc.
Re:The Web3 Fraud by ashtonkem on Friday December 17, 2021 @02:14AM (#29588935)
Also, KYC and AML are mandatory the moment you actually interact with the regular US banking system or USD at all. So any place where you can buy crypto or sell it is going to do KYC and AML on you, including asking uncomfortable questions if your behavior looks suspicious.
Re:The Web3 Fraud by miracle2k on Friday December 17, 2021 @12:29AM (#29588199)
Legislation requiring a backdoor in e2e encryption, such as WhatsApp, is also considered a positive by most people even now, but wait after it's been in place for 10 years, it will be as universally unquestioned as KYC or AML policies.
Re:The Web3 Fraud by Nursie on Friday December 17, 2021 @12:49AM (#29588345)
I don't think that's an argument against KYC and AML, personally.
Re:The Web3 Fraud by miracle2k on Friday December 17, 2021 @04:40AM (#29589948)
Yes, it's more not an argument, merely an invitation to consider the parallels. It is of course possible to embrace both e2e encryption and KYC.