Coinbase CEO: Anti-money laundering regulations are a policy failure
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2024-11-30 19:46:51
Anti-Money Laundering (AML) regulations are a failed policy. They cost around $213 billion a year, harm legitimate consumers (as we've seen in these de-banking stories), and, according to the United Nations, stop only about 0.2% of illegal activity.
This sounds like something the Department of Government Effectiveness (DOGE) should do.