I feel like the KYC and AML companies such as Ciphertrace and Refinitiv are really helping with regulations and making governments feel better about crypto
they are in it for the money they can generate from selling out their data mining and analysis
I feel what they are doing is more like invasion on people's privacy, similar to what google does on its users' online activities
what governments want is the ability to control cryptocurrency, also to know who and what people do with crypto
I think you are wrong entirely. There really isn't a way for them to make a bunch of money of the data of people's transactions? That makes no sense at all. Instead it's the exchanges that bring these good guys like Ciphertrace to help with tracking of any mass movements of money. They are pro-crypto