KYC is hypocritical crap. I opened a bank account in the US was able to initiate wiretransfers and was issued a visa debit card. This required NO KYC CRAP

I go to buy $5 in Crypto and I get stuck in an endless loop of submitting selfies that get rejected for illegitimate reasons after providing the most intrusive levels of PII imaginable. It ONLY serves as a deterent to adoption!