exchanges may randomly use this to freeze and block funds from users, claiming these were “flagged” […]. You are left hostage to their arbitrary decision […]. If you choose to sidestep their invasive process, they might just hold onto your funds indefinitely.

The criminals are using stolen identities from companies that gathered them thanks to these very same regulations that were supposed to combat them.

KYC does not protect individuals; rather, it’s a threat to our privacy, freedom, security and integrity.

• For individuals in areas with poor record-keeping, […] homeless or transient, obtaining these documents can be challenging, if not impossible.