I miss the old days when people in crypto didn't even know what a KYC was
Unlike you, I appreciate this new era where you will be made to account for your financial flows and not be under the pretence of using to start transacting illegally with no questions asked.
If people are allowed to do freely what they like, the world will be worse than this. I wonder how it will be livable for you and me over time if decisive actions are not implemented for accountability.
This regulatory environment is not totally effective but it still makes it more difficult for the bad users of crypto under many guise.
Freedom is sometimes seen as very good but there needs to be limits to human actions that can harm other humans, so rules exist in this world.
This freedom of a thing would have been the best if everyone could be trusted, but look around you, can you trust everybody? There is this adage in my dialect that translates to "Where there is no law, there is no crime." This means it is due to crime that there are laws. But sadly, for selfish interests, some people will always advocate for absolute freedom in some sectors not minding the loopholes it can also create for bad actors.
A protest recently broke out in my country, because the government didn't want what happened in countries like Kenya and Bangladesh to happen, so they decided to treat the citizens with kid gloves. Before they realised it, the citizens started looting here and there. Innocent people paid the price, and many affected establishments are still counting their losses in the name of freedom.
