I also work in the exchange space like you used to and my thinking is pretty much fully aligned with the way you pose the issue and I'm very excited about your intention behind Dharma. I also agree with your current thoughts on approaching KYC and AML (please see my post in response to this one's parent). I'll reach out to you via your website if you don't mind since HN doesn't have PMs, would love to figure out if there's a way I can contribute.