This is, unfortunately, entirely accurate! In recent days, correspondence from every bank we're associated with has been arriving, demanding our consent to new EU regulations. Accompanying these requests are up to 34-page documents of terms and conditions that virtually no one reads thoroughly.

Buried in the fine print is a clause requiring transfer recipients to be unequivocally identifiable through facial recognition and/or official identification.

It's absolutely infuriating! Utterly maddening!

What recourse does one have? You're essentially compelled to agree! For businesses, there's simply no alternative.

Moreover, just last week, my bank representative called me, interrogating me about the recipient and purpose of one of my transfers.

Since when is it their concern how I choose to spend my money? (The transaction amount wasn't even particularly significant. I have a legitimate invoice - this is money I've already paid taxes on. ) When I attempted to explain the transfer was for blockchain technology 😏 her blank response made it clear she was utterly unacquainted with the concept. 🤡

The entire situation is nothing short of absurd.