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by SideburnsOfDoom
1873 days ago
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I can't actually speak for Switzerland, it does have a reputation for "no questions asked" banking. Meanwhile, in other parts of the world, "Know Your Customer", "Due Diligence" and other Anti-Money-Laundering measure are important. (1) I think your last point is better phrased as "If the banks make it harder and harder to get your money out in bulk, without proof that your transaction is legal; then of course things like bitcoin will be used for the illegal transactions. And as a result the regulators will sooner or later regulate those too". https://en.wikipedia.org/wiki/Know_your_customer
https://en.wikipedia.org/wiki/Due_diligence |
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