RE: Biden administration freezes private wallet KYC bill

Identity verification didn't solve that problem. Over the centuries there have been money laundering individuals and money-laundering banks. Identity verification is just one reason to easily gather information across borders for political purposes. When a new financial management platform comes into being, the old financial management platform always tries to hold back. The thing to consider here is whether the interests of individuals and the country are really interested or that group interests will overshadow all and forever.