Crypto companies have better KYC than banks.
Only time will tell whether that's good or bad.
The irony? The industry built on pseudonymity now has stricter identity checks than legacy finance.
Banks let billions flow through shell companies. Crypto exchanges? They'll freeze your account over a $500 withdrawal if something looks off.
Is this compliance theater or actual risk management? Probably both.
The real question: are we building a more transparent financial system or just recreating the same surveillance state with better APIs?
Only time will tell whether that's good or bad.
The irony? The industry built on pseudonymity now has stricter identity checks than legacy finance.
Banks let billions flow through shell companies. Crypto exchanges? They'll freeze your account over a $500 withdrawal if something looks off.
Is this compliance theater or actual risk management? Probably both.
The real question: are we building a more transparent financial system or just recreating the same surveillance state with better APIs?