Yaël on Nostr: 🚩Bank Secrecy Act 🚩PATRIOT Act 🚩FDIC Customer Identification Program ...
🚩Bank Secrecy Act
🚩PATRIOT Act
🚩FDIC Customer Identification Program
🚩Dodd-Frank Act
🚩Corporate Transparency Act
Countless KYC/AML regulations require banks/exchanges to collect sensitive info to “combat crime”.
But this forcibly make us ALL vulnerable to hacks and beaches.
These recent hacks demonstrate that more than anything.
We need a serious conversation about reforming KYC/AML laws.
Whether it’s KOSA, Bank Secrecy Act, Bitcoin KYC, or porn-blocking ID bills, forcibly putting reams of our data online is making us more vulnerable.
Me published on the Consumer Choice Center blog
https://consumerchoicecenter.org/the-latest-troubling-data-hacks-underscore-the-futility-and-danger-of-excessive-kyc-aml-rules/
Published at
2024-06-28 15:22:21Event JSON
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