It is pretty logical if he is talking regarding businesses accepting crypto as payment. For some people it is pretty naïve to believe that companies start accepting thousand $ worth of crypto. It doesn't work like this with fiat and there is absolutely no reason to change it for crypto. Seriously, try to take lots of cash and try ty make an expensive purchase somewhere in US or EU. Lovely visit to the police is guaranteed.

This guy is talking about KYC for crypto services which we already have and €1,000 threshold for it which is a fairy high number ( at least better than complete KYC for all crypto transactions).