Is KYC that expensive? It's a mostly automated process that takes at most 10 seconds of human time per user and has a number of outsourced solutions available.

Is KYC that expensive? It's a mostly automated process that takes at most 10 seconds of human time per user and has a number of outsourced solutions available. Or the government can provide a solution. Or they can implement these regulations only on social networks with more than X thousand users.