Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’

Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom line and customer service significantly. A recent trip to the local post office for a money order certainly had a negative effect on my own experience, thanks to the same regulations, […]

The post Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’ appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Government Hates Crypto Because It Empowers the People, Not Because It’s Used for Crime

Government Hates Crypto Because It Empowers the People, Not Because It's Used for CrimeA recent article from MIT Technology Review has leveraged a somewhat sensationalist headline to stir up fear about bitcoin and crypto. The article, written about a “hidden” government weapon to be deployed against Bitcoin, references September 3 senate subcommittee testimony by Washington D.C. consulting firm Financial Integrity Network. In the testimony, Vice President of the […]

The post Government Hates Crypto Because It Empowers the People, Not Because It’s Used for Crime appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

How They Will Attack Bitcoin: The Hypocritical Shock Campaign of US Monetary Policy

How They Will Attack Bitcoin: The Hypocritical Shock Campaign of US Monetary PolicyOn July 16, U.S. Department of the Treasury Secretary Steven Mnuchin gave a short press briefing discussing cryptocurrencies and the pressing need for regulation. A 28-minute slodge of alphabet agency soup, studded with calculated mentions of “terrorism” nearly every minute, casual observers were left confused. Are we talking about crypto or biological weapons of mass […]

The post How They Will Attack Bitcoin: The Hypocritical Shock Campaign of US Monetary Policy appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Flowery V20 Talk and Government Terror: Why Darknet Crime Is the Least of Our Worries

Governments and central banking regulatory bodies continue to express concern about crypto being used for criminal purposes and terror. The terror campaigns of these very same governments continue unabated, however. In the wake of the V20 summit it might seem that lawmakers actually care about stopping darknet crime, money laundering, and other abuses facilitated by […]

The post Flowery V20 Talk and Government Terror: Why Darknet Crime Is the Least of Our Worries appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico