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4 years is long? A bank just asked me to provide a salary statement from 2005! What? Yes. And my ex-employer could not give it to me, because they only retain records for 20 years. So I was denied opening an account by some compliance dickheads. This world only needs tagged and locked up slaves.
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This was on my list to read today.
Seems like major cell providers in the US already require a fair bit of KYC, but I have successfully purchased prepaid lines with cash in the last couple years -- and now they want to get rid of that.
We are headed toward a world of kyc gated access to all basic infrastructure. I think it's sad, but I don't see how we avoid it. All the bureaucracy's -- governments and large corporations -- seem to believe they are better served by dragnet surveillance of the population. I don't see any large group with political power and desire to resist this. And the people are too busy flipping through tiktoks to care.