Were you born yesterday? The neighborhood does not matter. KYC leaks can make you a target anywhere: https://www.ccn.com/education/crypto/leaked-kyc-data-bitcoin-criminal-targets

I do not consider taking those loans, but it's nice to have options. Those who do keep rolling the loans on maturity and never actually repay them, because average BTC/USD annual change outperforms fiat interest rates by a large margin. This will continue long term because fiat debasement has no bottom. Just keep a low enough LTV to avoid liquidation on dips.

Bitcoin was invented as a p2p electronic cash. No third party needed. We do not have to inform on ourselves just because we spend more time on this or that territory, or were born here or there. All these rules were made up, I did not consent. Compliant cowards use bitcoin as a regulated investment asset only, but that is their choice.