Governments usually force the banks to ask, supposedly to help combat terrorism and money laundering.
If governments gave a fuck about money laundering and terrorism, they wouldn't spend so much money supporting both. Fundamentally, it's about denying the ability to move outside of the financial or currency system. They want your money tracked to control you: simple as.
It's like the ATF saying they are enforcing some gun policy to make sure dogs don't get shot.
If governments gave a fuck about money laundering and terrorism, they wouldn't spend so much money supporting both.
That's because you're missing the quiet part. They care about combating terrorism and money laundering that you might engage in. It's about fighting against competition, not about a principled stance.
If governments gave a fuck about money laundering and terrorism, they wouldn't spend so much money supporting both. Fundamentally, it's about denying the ability to move outside of the financial or currency system. They want your money tracked to control you: simple as.
It's like the ATF saying they are enforcing some gun policy to make sure dogs don't get shot.
That's because you're missing the quiet part. They care about combating terrorism and money laundering that you might engage in. It's about fighting against competition, not about a principled stance.