Hacker News new | ask | show | jobs
by lxgr 823 days ago
> Thus, anti-money laundering do not solve or prevent any crime (crime has already happened).

Sure, but "follow the money" can be an incredibly powerful tool for criminal investigations.

> With over reaching AML regime there is a danger that it is used against political opposition, like it is already happening.

That's a concern I definitely share. I think there needs to be a push for a privacy-preserving middle ground between the complete two-sided anonymity of cash and some cryptocurrencies on one side, and the data privacy nightmare that's traditional electronic payment methods.