> Realistically, KYC might deter a small fraction – let's say about 1% – of these malefactors. I too can pull arbitrary statistics straight out of my backside,

> Realistically, KYC might deter a small fraction – let's say about 1% – of these malefactors. I too can pull arbitrary statistics straight out of my backside, and use them to argue my point Why not 10%? Why not 10000% in fact (if we’re comparing it to the number of current bad actors)? Do you really think there wouldn’t be more tax cheaters if nobody did KYC checks? Come on…