Subnostr

Exactly, I think it's not entirely the banks doing this. It's these organisations like FATF, FINCEN, BIS, IMF, WEF etc who are these unelected opaque groups that have so much clout that they're able to pressure every last country's governments and financial institutions to step in line and abide by these dictates.

Pablo Xannybar 2y ago

Yes they're pushing increasingly strong AML regulations.

That said I opened a new UK bank account recently and only needed my ID and to fill out a short survey (five or so questions about source of income) to KYC.

Not really dystopia yet. But I still refuse to do any KYC for Bitcoin. Can't avoid it for banks but Bitcoin was explicitly designed to exist outside this financial system.

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Discussion

SovereigntyQuest 2y ago

That doesn't sound too bad. I have to get a reference letter from my previous bank to even be considered for a bank account at the moment. I don't even want a bank a/c. The only reason to have the bank a/c is to satisfy the requirement to have a bank a/c! I've worked my balls off for the money I have and now have to jump through hoops to prove I'm not a terrorist drug dealing pedo.

Pablo Xannybar 2y ago

That's draconian af! Where in the world is that if you don't mind me asking?

Séimí Mac Síomón 2y ago

Right on Xanny , right fucking on.

#KYCNotMe