Or maybe the government should not require companies to KYC you for every little stupid thing or action you do in this world. What happened to requiring only the information that's actually required? Why do I need to be KYCd in the systems when buying banana, ordering delivery, etc.
Because of the inevitable breaches and leaks - KYC is the illicit activity. The selling point of KYC was preventing fraud and money laundering. It doesn't actually do that. Search for "largest money laundering settlements" and you will find 5 banks and one crypto scam.
Because of the inevitable breaches and leaks - KYC is the illicit activity. The selling point of KYC was preventing fraud and money laundering. It doesn't actually do that. Search for "largest money laundering settlements" and you will find 5 banks and one crypto scam.