Foreign media: The chain investigator, ZachXBT, has recently publicly questioned the KYC (know your customer) system in the encryption industry, arguing that this type of data often plays a limited role in actual investigations and may, instead, place a higher risk on ordinary users following the disclosure of business data. He also indicated that if the industry continued to move towards over-monitoring, it might even disclose more ways of bypassing the chain.
Criticism focuses on the risk of data abuse
ZachXBT argues that KYC has not been as effective as its supporters claim to be. Conversely, in the event of an invasion of the platform or service provider, it is easier for the attackers to obtain user identification information, and management is usually not required to take reciprocal responsibility for the loss of the client ' s funds or data.
He also questioned why users were often forced to turn to grey markets and to pay additional costs in order to gain basic privacy. This move moves the discussion further from simple compliance issues to privacy and surveillance borders.
The dispute extends to the age certification system
This statement stems from a message from Erik Voorhees, founder of ShapeShift. Voorhees warns that the application of KYC may continue to expand in the future, even to more basic Internet access such as the use of computers.
The paper also cites the view of a password researcher, Green, that the current debate appears to be centred around age verification, which is in essence closer to the expansion of the identification infrastructure. According to this view, the Government and the platform may gradually tie up real identities with online activities on the grounds of protecting minors.
Privacy techniques or transformation into identity hosting tools
Green envisages that the system may start with specific content access and require users to complete age validation. Early programmes may collect identity documents directly, while some systems may adopt technical programmes that emphasize privacy protection.
However, in his view, the next dispute would turn to the conditions under which law enforcement agencies could access such data and how anonymous browsing could trace back to true identity. If this logic continues, so-called privacy techniques may no longer be mere protection tools, but may instead be transformed into a tacit hosting structure that preserves real identity and is accessible when needed.
In Green, it appears that the threshold for access to such data may require judicial authorization before being progressively relaxed and eventually integrated into a broader automated scanning system. At the same time, he questioned the fact that such measures did not necessarily achieve the objective of combating the content of seduction of minors or child abuse, since similar practices had not in the past proved to have significantly reduced these problems.