KYC is expected of banks or exchanges, centralized places with lots of transactions. And a person can punished just for running a bank without registering their

KYC is expected of banks or exchanges, centralized places with lots of transactions. And a person can punished just for running a bank without registering their identity (along with a bunch of other paperwork) beforehand. It makes no sense for the Treasury to spend time hunting down thousands of individuals for transactions that are mostly in the tens of dollars.