KuCoin Sanctions Prompt Major CEX to Tighten AML Rules
1 min read
https://coindesk.com/tech/KuCoin-Sanctions-Prompt-Major-CEX-to-Tighten-AML-Rules/
In response to KuCoin’s sanctions, major exchanges like Binance, Coinbase, Kraken, OKX, and others are ramping up their AML procedures.
Yet, this crackdown could lead to a chilling effect, with innocent customers’ funds possibly getting frozen on suspicion alone. The risk of false positives looms large, casting a shadow of uncertainty over the cryptocurrency community.
I keep hearing stories about this, was wondering what are your thoughts on it ?
submitted by /u/Pumas4400
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