Why No KYC is the only way for crypto
Why No KYC is the only way for crypto
cyphergoat.com
Why No KYC is the only way for crypto
12 comments
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Also simply because the providers of KYC services are vulnerable and can lose user data. To get XMR Monero use:
- havenoreto
- unstoppableswap
- basicswapdex
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So.... Don't spend it at established establishments? We are better than this monero
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Lmao who writes this shit. The solution to KYC is just no KYC! And then offer nothing to explain how to implement AML controls!
If you want to use a kycless network you then have to know and accept that it's going to be used for money laundering and that others are not going to transact with you or that platform because you accept that kind of risk.
The banks are obligated by the govt to not take that risk. It doesn't benefit the banks... We've seen they'd much rather not do KYC and take on the money laundering risk because it's far more profitable.
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If you are a giant bank you can ML all you want. AML is a useless scam and a violation of basic rights of individuals to transact privately. It is big brother's attempt to monitor capital flows.
Every top 10 bank fined as £150 billion laundered annually
https://trilateral-it.com/every-top-10-bank-fined-as-150-billion-laundered-annually/
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I feel like the link you just provided completely invalidates the way you started "if you are a giant bank you can ml all you want" but then you show the fines that show you can't do this all you want.
Keep in mind the banks are profiting from others laundering money not from laundering their own money.
"It's big brothers attempt to monitor capital flows."...yes exactly...
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12 comments