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by wpietri
1848 days ago
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Yes, different people have different ideas about what's reasonable. But if you want to make a case for a reasonable balance between your desire for secrecy versus the desire of other people to be free of crime, you'll have to talk about more than what you personally dislike. |
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We should oppose warrantless mass-surveillance of private financial transactions for the same reasons we oppose mass-surveillance of every one's private communications. The desire to live free from crime does not justify engaging in either.
I think most would agree, and that AML laws are only instituted due to:
1. the complexity of the subject matter obfuscating what these laws do
2. the euphemization of AML laws by the AML industry, like calling them anti-money laundering laws rather than the more descriptive 'financial surveillance laws', and
3. the stigmatization of money, as a result of the public relations efforts of the many who stand to gain from laws restricting people's ability to transact with it.
[1] https://www.reddit.com/r/MakerDAO/comments/de0sys/kyc_is_abs...
[2] https://www.coindesk.com/money-reimagined-ugly-side-kyc-aml-...
[3] https://twitter.com/SpencerKSchiff/status/125276128577685913...