Banks are in a unique and perfect place to collect and require KYC data.
Because of the exorbitant privileges given to banks by state actors it should be easy to demand that the banks KYC be extensible to all other private transactions.
Which is to say: if the banks do KYC, nobody else has to.
No, in banking.
Banks are in a unique and perfect place to collect and require KYC data.
Because of the exorbitant privileges given to banks by state actors it should be easy to demand that the banks KYC be extensible to all other private transactions.
Which is to say: if the banks do KYC, nobody else has to.