Hot take: KYC Laws are not there to protect you but to keep track of citizens.
You wouldn't be able to be debanked if your bank didn't know who you are and where you lived.
Hot take: KYC Laws are not there to protect you but to keep track of citizens.
You wouldn't be able to be debanked if your bank didn't know who you are and where you lived.
@shortstories It's an acronym for an american law for Know your customer.
Basically the gov forces you to dox yourself to any bank/financial company you use.