The fallacy here is that the justification for enforced KYC is if there is a net benefit to it.

Plain and simple--it is coercion. It is forcing two parties acting privately with their own resources to change their actions, with threats of violence.

Reply to this note

Please Login to reply.

Discussion

There are plenty of coercive rules that parties acting privately with their own resources must follow, I don't think that will change any time soon. The report I am thinking of is something that could actually be taken into consideration by governments/lawmakers.