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A comment on Buying Real Estate with Crypto: New Mortgages Are Backed by Coins. Parent comment

Re:Buying Real Estate with Crypto: New Mortgages Are Backed ... by ethbr0 on Saturday April 30, 2022 @10:17PM (#31221511)
AFAIK, modern KYC (or at least, pre-2001) traces back to the 1980s and war on cocaine, when Treasury-relevant amounts of money were flowing across borders.

It was decided it was easier to trace the money than the drugs.

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