This is the first time I have ever, ever heard of such a requirement from anyone, certainly no non crypto organisation. You can still run a trillion dollars through your bank account with a proof of address and a bit of ID and not even a hint of a selfie.
If a normalton's bank called up and ordered them to take a series of mugshots before they could access their money again they'd wonder what the fuck was going on and run straight to the press.
Other than leaving we have no choice of course, but it's strange how many people in cryptoland regard this as normal. Compared to every other area of finance I've dealt with it sure as shit is not.
For sure. Not even the ever-so-controversial Coinbase requires such ludicrous photos. I don't think people in cryptoland regard this as normal though, hence the recent publicity on this issue. But one thing's a bit safe to assume, A LOT of people don't give a crap about their privacy unfortunately, mostly due to ignorance.