News for hackers. Stuff that matters.

A comment on South Korean prosecutors say Do Kwon 'obviously on the run', asks Interpol help. Parent comment

Re:South Korean prosecutors say Do Kwon 'obviously on the ru... by JumpCrisscross on Monday September 19, 2022 @01:26PM (#32901253)
> Remove KYC+AML from the banking/monetary system

Luna's downfall and Do Kwon's pending red notice have nothing to do with KYC or AML.

[ Parent | on HN ]
Re:South Korean prosecutors say Do Kwon 'obviously on the ru... by notch656a on Monday September 19, 2022 @01:38PM (#32901411)
>Luna's downfall and Do Kwon's pending red notice have nothing to do with KYC or AML.

I disagree here. The 'killer app' feature of crypto is that it's basically imperfect banking without KYC/AML. Without crypto's popularity it's doubtful Do Kwon and Luna would have gotten such a foothold.

[ Parent | on HN ]
Re:South Korean prosecutors say Do Kwon 'obviously on the ru... by JumpCrisscross on Monday September 19, 2022 @01:41PM (#32901458)
> [crypto is] basically imperfect banking without KYC/AML

Pretty solid case for why these folks should go to jail. Or at the very least, be disgorged of their gains and banned from finance.

[ Parent | on HN ]