This is all true. But, it is also true that increasing the number of KYC information will not solve the problem. Quite the contrary, within a few years, there will be more stolen data that will give criminals more tools to hide.
exactly, asking for more KYC/AML information will never stop criminals from doing crime, it never did in the first place to begin with.
they are just making things harder for regular people with this shit.
As far as I know, every service involving FIAT money requires quite deep KYC/AML procedures, yet FIAT is the most commonly used method of committing scams and illegal activities.
KYC/AML do nothing against the people willing to commit fraud, but are a problem for the people doing normal activities.