I remember 3-4 years ago I saw a report from a Bitcoin company stating the proportion of bad actors doing transactions is not significant. Unfortunately I can't remember the source of the document, so instead let me quote ChatGPT: "According to a 2021 report by Chainalysis, illicit activities accounted for only 0.15% of all cryptocurrency transactions that year, totaling approximately $14 billion". 0.15% is not significant. Condemning everyone for terrorism by imposing some form of bureaucracy doesn't work.

We should worry more about fraudulent activities inside government institutions (like... USAID) which impact everyone. Today politicians may want KYC for terrorism, yesterday the trend was spying on everyone for children. In El Salvador it seems they didn't need KYC or another form of bureaucracy to arrest criminals.