kaal:claim:3936876-026

State chartered special purpose depository institutions remove some of the legal hurdles that burden technological advances, notably the reluctance of the existing banking sector to tailor AML and BSA compliance processes to the global and censorship resistant nature of cryptocurrencies.

Source quote, verbatim
State chartered SDPIs eliminate some of the legal hurdles that burdens technological advances - such as the reluctance of the existing banking sector to change / tailor AML / BSA compliance processes in order to accommodate the global & censorship resistant nature of cryptocurrencies.
From

Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021), III.1 Depository Institution Requirements, p. 22
https://ssrn.com/abstract=3936876 · source PDF

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Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021). SSRN: https://ssrn.com/abstract=3936876

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mechanismsupport: assertedcomplianceinnovation

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