You accused them of money laundering, which is a crime by itself most first world nations. Except that phrase doesn't apply unless another crime has been committed, because it only applies to funds gotten illegally.
Make more sense?
Make more sense?
As the name implies, this law only applies to (financial) businesses and their customers. Most Bitcoin transactions are P2P and hence there is no business/customer relationship and hence there is no KYC law applicable.
That's a bit of a nonsense statement. It's a P2P payment network so you have no way of knowing if most of the transactions going across it are between businesses and customers or person to person. Quite simply that's a claim you can't back up.