A business is someone. And KYC should just be the government providing an identify verification API so that in the event there is a problem, the government kno

A business is someone. And KYC should just be the government providing an identify verification API so that in the event there is a problem, the government knows who to go after. Government leaders just want to be able to point fingers at as many people as possible with KYC laws (which do more than just require the business to verify who they are doing business with). A business should know who they are transacting with, but a business should not be vetting them for illegal activities. That is a job for courts. Businesses can even be required to report who buys what and how much (for example, bulk supplies to make methamphetimine or explosives), but the business should not be using nebulous heuristics such as credit score or income or other non illegal things to figure out who may or may not be a criminal. Last example, the US government should require online marketplaces to know who they are doing business with, and it should be someone within US jurisdiction. The US government should also provide the online marketplaces with an identity verification API to do this. So when a product sold on Amazon causes a problem, it should be easily possible for the government to charge the seller with a crime, and dole out an appropriate punishment.