Yes I think in certain situations though e.g. running an online business using an alias is more problematic and may get you into regulatory issues depending on exactly what you are doing and where you are located.

Indeed, Know Your Customer regulation is one of the fundamentals of the banking industry for example, among others.

I know it's pie in the sky, but perhaps it's the regulations that need to be changed, or another way to do it, like an "identity escrow". That way both parties can be protected, and if the transaction goes off without a hitch, no one needs to permanently store identity information.

If I just invented that concept, the record is here! 😁