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Oslo Freedom Forum 2019: Protecting Financial Freedoms in the Digital Age - Ep.123

Unchained

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Rethinking Regulations: The Flaws of Traditional AML and KYC in Finance and Crypto

This chapter critiques the shortcomings of traditional anti-money laundering and know your customer regulations in the banking sector, illustrated by a major bank's money laundering case. It advocates for privacy-centered regulatory reforms in the cryptocurrency space, emphasizing the need for innovative approaches that protect user data while effectively identifying criminal activity.

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