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KYC (know your customer) is a legal requirement in many countries if you are dealing in services that might allow your users to launder money, so I don’t see ho
by geoah 6y ago
KYC (know your customer) is a legal requirement in many countries if you are dealing in services that might allow your users to launder money, so I don’t see how it harder for users benefit anyone.
- sneak 6y agoAt one point it wasn't a legal requirement, and then it became one, just like air transport. Financial privacy could be restored, given sufficient will to do so. Making ubiquitous identity-linked financial surveillance easier and more convenient does not advance this goal.