KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations are becoming increasingly pervasive within the financial industry. Critics argue that these regulations erode individual privacy and financial autonomy.

While designed to prevent illegal activities, KYC and AML processes often impose burdensome compliance requirements that negatively affect both individuals and businesses.

As digital finance evolves, the debate continues about the balance between security and privacy these protocols must strike to avoid harming the industry and individual rights.