> The article's viewpoint relies on accepting AML regulations and financial surveillance as beneficial.
You might want to check the last section of the article:
> We are a nation of laws. I’d support reforming some of them; a lot of the AML/KYC regulatory apparatus harms individuals who have done no wrong. Much is not well-calibrated in terms of societal costs versus occasionally facilitating a Bond villain’s self-immolation.
> However, in the interim, one cannot simply gleefully ignore the laws because the opportunity to do so allows you to become wealthy beyond the dreams of avarice. [...] I do not know if we’ll ever have a world with this scale of crypto businesses without the crime. The crime was the product.
The crime is the product because that's what's left after the media makes it sound like everyone using crypto is either an idiot or a criminal, so most businesses avoid it because they don't want to be labeled as either.
You might want to check the last section of the article:
> We are a nation of laws. I’d support reforming some of them; a lot of the AML/KYC regulatory apparatus harms individuals who have done no wrong. Much is not well-calibrated in terms of societal costs versus occasionally facilitating a Bond villain’s self-immolation.
> However, in the interim, one cannot simply gleefully ignore the laws because the opportunity to do so allows you to become wealthy beyond the dreams of avarice. [...] I do not know if we’ll ever have a world with this scale of crypto businesses without the crime. The crime was the product.