TLDR: it is a feature, not a bug

Long version:

I don't think Georgia has copied what I think of as the mistake of KYC, yet at least.

I feel KYC regulations as they exist today are a big mistake, that does little good, more harm than good and causes a lot of extra work and annoyance.

People always seem to think that de-anonymizing things will always make things better.

As I get older I feel the more someone wants to know my real identify the more likely I am to be abused somehow.

Meanwhile, talking to thousands of absolute strangers here on HN or via an anonymous reddit account or something feels relatively safe.

I have also with time started to think that in the long run the risk from governments harming me or my family is a lot bigger than the risk that someone else does it.

Perhaps expand on this into a blog post and post it here on HN...?

Even if the ship has sailed on living in an identity-optional society, at least in most of the world, I still think it's good to record the benefits of such a society.

I can't do it from this account and I might not be the best writer to get the points through, but yes, someone should probably do it.

No - you don't give your identity to the ATM, or to the website. Which is lucky, because Georgia doesn't even have a good record of every citizen's name....

Well that's one of the points of a 'cash' transaction... Identity-optional.

At least in Thailand, no, you do not have an account with the ATM provider to use the cash deposit functionality. The closest thing to KYC is that most ATMs have a security camera.

KYC is not needed as cash is still a thing. It’s accepted that pretty much anonymous physical transactions can and will occur and the police will need to do old fashioned detective work to find the criminal.