It's a double-edged sword for sure. My bank is already regulated and required to have strong identity verification for some operations. They won't let use any

It's a double-edged sword for sure. My bank is already regulated and required to have strong identity verification for some operations. They won't let use any sensible multi-factor authentication, however. Requiring they use such a government mandated authentication infrastructure would be a major "win" for my piece-of-mind.