> Banks are required to collect information through “know your customer” rules, but have pushed back against this plan. But Bessent told CNBC, “If Treasury and the banking regulators say it’s their job, it’s their job.”
Well I can't see this ending well. It's either more invasive KYC or it's a push towards debanking people out of favor with the government again.
Well I can't see this ending well. It's either more invasive KYC or it's a push towards debanking people out of favor with the government again.