herseycokguzelolacak@lemmy.ml to Technology@lemmy.worldEnglish · 6 months agoIf you had any doubts that Know-Your-Customer laws were evil, here is one very good reason: personal data of 1 BILLION people just leaked.cybernews.comexternal-linkmessage-square40linkfedilinkarrow-up1477
arrow-up1477external-linkIf you had any doubts that Know-Your-Customer laws were evil, here is one very good reason: personal data of 1 BILLION people just leaked.cybernews.comherseycokguzelolacak@lemmy.ml to Technology@lemmy.worldEnglish · 6 months agomessage-square40linkfedilink
minus-squareherseycokguzelolacak@lemmy.mlOPlinkfedilinkEnglisharrow-up43·6 months agoKYC does nothing against rich people. Panama Papers came out and nothing happened. Law enforcement does not target rich people.
minus-squareBrilliantantTurd4361@sh.itjust.workslinkfedilinkEnglisharrow-up3·6 months agoYep. KYC is to stop the movement of funds that could be used to undermine the system. A.k.a terrorism.
KYC does nothing against rich people. Panama Papers came out and nothing happened. Law enforcement does not target rich people.
Yep. KYC is to stop the movement of funds that could be used to undermine the system. A.k.a terrorism.