https://www.natlawreview.com/article/us-department-commerce-publishes-proposed-rule-imposing-know-your-customer-and
"The proposed rule requires all U.S. providers of U.S. IaaS products to create, implement, and maintain an appropriately tailored, written CIP—akin to the “know your customer” (“KYC”) information that banks maintain. The primary purpose of the CIP is to verify whether potential customers and beneficial owners are foreign or U.S. persons, and to verify the identities of potential foreign customers and their beneficial owners."
This sounds like a huge invasion of #privacy with flimsy pretences.