CEX CEO: Anti-Money Laundering regulations are a policy failure

【CEX CEO: Anti-Money Laundering regulations are a policy failure】CEX CEO Brian Armstrong wrote on X platform that Anti-Money Laundering (AML) regulations are a failed policy. They cost about $213 billion annually, harming the interests of legitimate consumers (as we have seen in these stories of de-banking), and according to United Nations data, they can only prevent about 0.2% of illegal activities. This sounds like something the Department of Government Efficiency (DOGE) should be doing.

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