I can't see governments moving away from KYC / AML. They use it for:
- Preventing money laundering and financial crime.
- Preventing funding of terrorists.
- Implementing sanctions.
They'll not be giving up those powers easily.
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No one ever gives up power easily. If we don't demand that they give those powers up they won't give them up at all.
Not one of those things — nor all three of them put together — justifies pre-emptive intrusions into the financial affairs of tens of millions of people who aren't doing any one of them.
KYC once wasn't a thing and civilization got on just fine — acquiesce for more than a generation or so and it will be forgotten that it was so. The advent of crypto, and the changes miniature-tiger aptly noted it forces regulators to make to keep apace, may well be the best chance to strike down KYC since its inception.