Illia Polosukhin, co-founder of NEAR Protocol (NEAR), pointed out, "If the cryptocurrency industry fails to autonomously respond to crime and build a mature ecosystem, it could be pushed out of the mainstream market by indiscriminate regulations." He added, "It's not true to claim that nothing can be done to prevent crime while directly developing decentralized systems. Banks use AI for fraud detection, but they rely on centralized structures and Know Your Customer (KYC) systems. However, KYC also doesn't solve real problems. The cryptocurrency industry can build systems that effectively deter criminal activity without KYC, while ensuring the freedom of general users, by utilizing better data and talent. Furthermore, if the industry cooperates, criminal activity can be eradicated from the cryptocurrency ecosystem. Decentralization does not necessarily mean disorder."
