Comment: A huge step forward?!?!

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A huge step forward?!?!

Banking laws require financial institutions to "know your customer" (KYC). It is legal precedence for bank assets to be seized when financial institutions are found to not know their customer.

It is illegal for banks to refuse or to be unable to provide the identity of its clients/customers.

How is this in ANY way a positive development?

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~wobbles but doesn't fall down~