Comment by AnthonyMouse

> It might be almost every individual developer. But that isn't really a huge cloud spend at all for an organization.

That's kind of the point. It excludes all of the individuals and small businesses and makes it unambiguous that it doesn't apply to someone paying $10/month for a VPS to use as a VPN endpoint for privacy.

> But speaking of loopholes, what do you think bad actors would do if you told them that they weren't subject to KYC under a certain dollar amount?

In some hypothetical world where the rules were actually effective? Spend $49,000 and then create a new account, which would be highly suspicious and still cause them to get caught.

In practice? Use a cooperative provider (Wells Fargo as a hosting company), or one in another country, the same as they would do regardless.