⚡️🚨 NEW - BIS economists propose banning any crypto that has passed through a wallet without KYC to encourage a culture of self-surveillance.
A paper from the Bank for International Settlements proposes a new approach to "anti-money laundering compliance for cryptoassets".
The economists suggest leveraging the "provenance and history of any particular unit or balance of a crypto asset" to implement a risk rating system with entry and exit ramps that would exclude any asset that has ever transited through a wallet without KYC from being accepted by regulated entities.
