Comment by logicchains
7 days ago
Nobody in western society benefits from KYC laws, they make life hard for small business and destroy financial privacy while the big players get away with a slap on the wrist. There's absolutely zero empirical evidence of KYC leading to a reduction in the rate of any kind of crime.
> There's absolutely zero empirical evidence of KYC leading to a reduction in the rate of any kind of crime.
We are discussing an article about a crime that KYC trivially solves.