logoalt Hacker News

JumpCrisscross • today at 10:30 AM • 1 reply • view on HN

> It is politically impossible to go back on KYC/AML measures in the traditional financial system

It’s politically irrelevant more than impossible. Most Americans simple aren’t visibly encumbered by KYC/AML enough to make it a priority.

> They're allowed-by-default instead of blocked-by-default

So were banks in the wildcat era.


Replies

someguydave • today at 2:45 PM

Which means once there is a way around kyc/aml all the institutions will adopt it