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What is unreasonable about brokerages and crypto exchanges being subject to KYC and AML regulations? How is that at all comparable to the government being able to eavesdrop on my private communications and violate my 4th amendment rights without a warrant?



Financial transactions are private communications.


And how does that make KYC unreasonable?


This is becoming an increasingly rare sentiment, and oddly even on HN. Thank you.


You can simultaneously believe that financial transactions are private communications, and also that a securities broker being required to verify their customer's identity pursuant to KYC and AML regulations is reasonable. Your post is very vague (since the comment you're giving thanks to focused on a semantics "gotcha" and completely avoided the actual point) so I'm curious as to why you think KYC/AML regulations are invalid and brokerages and centralized crypto exchanges shouldn't be subject to them in the light of "private financial transactions".




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