Finance News
By Maheen Hernandez
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Ripple (XRP) on KYC AML Regulatory Oversight
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There are going to be bad actors who want to take care of anonymous transactions. While Brad Garlinghouse keeps reinstating on clarity in regulation, there are some people who…
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Though we like the idea of decentralization, it is important to know that people do crazy stuff if they are left among themselves.
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Though KYC is not important for everything, it is definitely important for many things. Privacy advocates believe that KYC kills innovation.
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We have been trained to look at and aspire for a technology where money moves like an e-mail.
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It is important for financial privacy to be a basic right. Particularly, in the future, when someone is looking to move money it should be possible for anyone to be able to…
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Brad Garlinghouse clarified that he is not against privacy, but to keep bad actors under check he stated, “KYC/AML matter for crypto to move from the fringes to an integral part…
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He feels KYC and AML are for reasonable oversight. The goal of building an inclusive and efficient financial system for all is not done away with in the process.
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In this regard, Sydney Ifergan, the crypto expert tweeted: “Many from Ripple (XRP) feel that without KYC and AML, it is not possible to bridge the gap between traditional…
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Some of them who disagree with Brad Garlinghouse stated that they have had wallets in their pockets with KYC so they should be able to own non-custodial wallets without KYC.
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Practical people say that whether you like it or not better get used to it. They are coming and they are setting the rules, not us. Adopt or get left behind, simple as that.
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