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RE: Binance KYC fiasco shows again that personal data is not private

Hi Nanzo
Interesting post with an interesting reveal. I think it’s understandable that if companies are forced by governments to collect data on customers that they don’t need and can’t use to make money, then we can’t really expect them to spend much money storing that data and minimal spending for its protection. The data is just a source of negative cash flow for the company. From this perspective it’s a wonder that data breaches don’t occur more often...or do they?

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