agree with the overall conclusion, have to ask for some reason in the expression of it. That is, there are legitimate reasons to Know Your Customer, yet, those the least in control are unendingly required to jump through ever more hoops. It is easier to exert control on the defenseless, and they do it. Meanwhile, professional money handlers are seriously considering negative interest rates, since there is just that much money being moved around. A requirement for cell phone numbers closes the connection graph, and a reporting requirement of "every transaction USD$600 or greater" (less than one month rent in most places), to my mind, is the straw that breaks the camels back.