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Agreed. The BSA is not fit for modern purposes. There are better tools to verify identity when that is truly needed. And there are better ways to stop bad guys than tracking the everyday financial activity of everyday people. Let’s do better.
4.8. klo 18.14
The Bank Secrecy Act was built entirely for a paper-based world. But money is now a creature of the internet and we need our laws to respect that. A prime example: we should look to Zero-Knowledge Proofs to eliminate the data dragnet that the BSA forces on every consumer. 1/3
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