And if you don’t collect that data, criminals and scammers will use free access to banking system to fund their scams and crimes. Letting people drive cars will obviously lead to accidents and deaths, that’s not a reason to outright ban people from driving. Just like risk of data branches is not a reason to outright call KYC evil.
And if you don’t collect that data, criminals and scammers will use free access to banking system to fund their scams and crimes. Letting people drive cars will obviously lead to accidents and deaths, that’s not a reason to outright ban people from driving. Just like risk of data branches is not a reason to outright call KYC evil.