Is this what you say when someone brings up a refutation towards an absolutist statement about "AML chains" and standards compliance with the current system? Why not confirm your suspicions by asking them directly [0] rather than making more excuses, unless as I always expect from many absolutist critics of crypto especially on this site, that they are all talk and no action; which that is so easy, anyone can do that.
> Again, ISO 20022 is completely irrelevant to this conversation. I've genuinely no idea how this became a talking point.
The reality is and with the many years of these cryptocurrency technologies and projects existing is that only a few of them will survive and as I have mentioned already a few will stand the test of time to be serious enough for companies like Stripe and Moneygram to choose and use projects like Stellar, and those that are compliant with the current system; be it the ISO 20020 messaging standard and have AML compliance, etc will be around for a very long time. So in fact, it is totally relevant to this discussion.
> Again, this has nothing to do with AML compliance which I'm confident each of those companies do - and we know full well that Tornado did not.
Non-compliant projects that enable complete or total obfuscation like Tornado Cash, Monero, etc or any other projects that angers the regulators won't survive and will be targeted and made difficult to use. That also explains why MoneyGram ruled out the privacy coins and chose Stellar for their product. No need to ask them about that.
> Again, there's no reason to think that there won't be any future regulatory action simply because there has not yet been any and I personally doubt any amount of appealing to authority will help.
Now who exactly said that there won't be any 'future regulatory action'?
Given that the SEC is continuously cracking down and enforcing their regulations on many crypto projects this year and with other places like the UK, EU countries following up with their own rules, its clear that the privacy coins, tools, etc are the first to be clamped down since they are already incompatible with KYC, AML checks; hence the importance of waiting for regulatory clarity by the authorities which is exactly what I said in the first place had you read my comment.
Sounds like you are ranting in denial. It's not too late to stop them and get them to admit your suspicions of them in 'FOMO', or 'being something they were afraid they'd get left behind on' or 'being attached to sunk cost fallacy' yourself then: [0] plenty of time.
[0] https://www.crowdcast.io/e/techstars-payments-3/register