> the most blatant attempts at subverting due process
This seems so clear to me; KYC is an end run around the constitution.
But how do we stop it? If we legislate "no KYC" then what is my recourse when an imposter empties my accounts? You'd want it to be at least allowed.
But if we allow industry to require KYC "we will only deposit your pay to a verified bank account" then you may end up with de facto KYC if not de jure. But if you tell businesses they may not require it, it enables other kinds of fraud.
Legislation does not constrain people who will to do evil.
This seems so clear to me; KYC is an end run around the constitution.
But how do we stop it? If we legislate "no KYC" then what is my recourse when an imposter empties my accounts? You'd want it to be at least allowed.
But if we allow industry to require KYC "we will only deposit your pay to a verified bank account" then you may end up with de facto KYC if not de jure. But if you tell businesses they may not require it, it enables other kinds of fraud.
Legislation does not constrain people who will to do evil.