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I dunno, as a customer, I sure wish that this guy whose company operates a platform for transacting with a system that is regularly used to fund terrorism would speak out against domestic terrorism
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Like Coinbase have actually done a pretty decent job as far as I can tell of keeping both foreign and domestic terrorism funding off their platform, I don't have a complaint there, but it's not out of ambit to expect them to reiterate their commitment to that work
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It’s a job for regulators to put anti-laundering regulations in place. Brian’s indicates willingness to engage on that front. Afaik they’re actually eager for that, not resistant.
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Anti-terrorism financing regs are different than anti-money laundering regs. And usually rely on the federal government to designate certain orgs as terrorist orgs, which, given that several domestic terrorist organizations vocally support this present administration...
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Okay, but still not the job of a business beyond areas where they have better technical capabilities than law enforcement. Political statements by CEOs achieve nothing.
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I dunno, I trust that most other companies in the financial services industry will refuse to do business with ppl & organizations that advocate for & actively sponsor the murder of their political enemies, whether or not the federal government designates them as terrorist orgs.
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I know this because I've seen it from the inside and was a (small) part of making it happen. I'm not saying we were 100% right all the time on it, but, well, we sure made some Nazis mad.
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I mean it’s been a relentless decade and half of criminal and politically suspect behavior by the banking sector. DB, Wells Fargo, HSBC... in fact I distrust words. The more they talk the less they actually do.