In welcome news, the Anti-Money Laundering and Countering Financing of Terrorism Act is still being enforced. One is often left to wonder if it is, when companies are openly trading "crypto", paying reluctant lip service to the issue and lobbying against it in the comment sections of our news outlets.
I am personally unconvinced the myriad of pseudonymous, pro-crypto shills in the comment sections is organic Kiwi opinion. It fails the 'bar' test spectacularly, the test where you try shilling your scam to people in a bar, like a washed up life insurance salesman (we have ACC in New Zealand: peddling life insurance here is like selling ice to Eskimos), and measuring how long it takes before your welcome has been out-stayed. Crypto is unpopular on the ground, which shouldn't be hard to understand because printing fake Internet money is an affront to the widely held belief hard work should be fairly rewarded. And isn't printing money supposed to be inflationary?
Thanks to the Herald for shining light on this. Reporting on AML news is probably a thankless task. For clarity, the article does not mention Bitcoin or crypto, but I would bet where there are AML violations, there is a crypto wallet somewhere within reach.
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