KYC and AML are exclusionary. You are excluding people without a government-printed ID. You are excluding people from "unfriendly jurisdictions". You are sanctioning and discriminating human beings that have done nothing wrong and want peaceful interactions.

When you talk about "unbanked", KYC and AML is what creates these "unbanked". You cannot solve the "unbanked" problem by discriminating hundreds of millions of people and then wonder - we have a problem, we have unbanked people!

Fortunately, we can solve this "unbanked" problem without the regulators and bureaucrat-"problem-solvers", from our towns and villages, not from Brussels, Paris and Washinghton DC.

We can solve this by going peer to peer.