I'm not sure if it's a conspiracy to control the public, or simply regulators being irresponsibly incompetent that it can be considered criminal. Most of the K

I'm not sure if it's a conspiracy to control the public, or simply regulators being irresponsibly incompetent that it can be considered criminal. Most of the KYCs in the developing world can be ignored by handing $50-200 over to the right couple of people. Most of KYCs in the developed world will be handled by specialized "consultants" who will handle the paper work and deliver the needed banking services. It's the same thing but it costs more in the developed world, huh. I'm glad you brought this up as I am at loss how most of the people accept this sad state of affairs.