Replying to Avatar SovereigntyQuest

I moved to a different country from my home last year. The amount of data, in particular, from bank that I have to provide at seemingly unrelated steps in order to try and get a residence permit is mind numbing. If there was a way for me to be here without having to have a bank a/c, proof of funds etc etc I would likely be 100% bitcoin. At each and every step it feels like I'm defending myself as if I'm a criminal which feels even worse knowing that the real criminals get vip treatment from banks and government "staff" who willingly cooperate in order to take an under the table fee to ensure the corrupt criminals get a smooth ride.
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bevo 2y ago

Yes. Increasingly the use of your own tax paid money is becoming a crime

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Worldcoin 2y ago

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SovereigntyQuest 2y ago

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.

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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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Séimí Mac Síomón 2y ago

Right on Xanny , right fucking on.

#KYCNotMe