Coinbase CEO: Anti-money laundering policies are a failure
2024-12-01 04:37:33
Coinbase ceo brian armstrong platform representation backwash amldesk3cryptocurrencydesktopCrypto News
Coinbase CEO Brian Armstrong said on the X platform that anti-money laundering (AML) regulations are a failed policy that costs about $213 billion a year, harms legitimate consumers (as seen in multiple de-banking incidents), and according to the UN, only stops about 0.2% of illegal activity. This sounds like something the Department of Government Effectiveness (DOGE) should be dealing with.
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