Lmao who writes this shit. The solution to KYC is just no KYC! And then offer nothing to explain how to implement AML controls!
If you want to use a kycless network you then have to know and accept that it's going to be used for money laundering and that others are not going to transact with you or that platform because you accept that kind of risk.
The banks are obligated by the govt to not take that risk. It doesn't benefit the banks... We've seen they'd much rather not do KYC and take on the money laundering risk because it's far more profitable.
No it doesn't. It posits that if you don't think they are necessary you need to accept and be ok with money laundering on your network.