Some of the quotes in the article try to blame some of the harm from Coinbase's data breach on "know your customer" regulations. It's such self-serving nonsense.
Society is within its rights to demand that financial institutions both (1) protect their customers' sensitive personal information and (2) fight money laundering, which AFAIK is impractical without KYC rules at institutions like Coinbase that connect crypto to the traditional monetary system.
Society is within its rights to demand that financial institutions both (1) protect their customers' sensitive personal information and (2) fight money laundering, which AFAIK is impractical without KYC rules at institutions like Coinbase that connect crypto to the traditional monetary system.