KuCoin Sanctions Prompt Major CEX to Tighten AML Rules

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 ?

https://preview.redd.it/eejvsgcuf5rc1.jpg?width=754&format=pjpg&auto=webp&s=b8f7802dff1e8daae0b7b1073bb3453808fafcef