If BIS really wants progress, is it possible to push for transparent, open-source compliance tools that protect both privacy and accountability?

Because they won't succeed in trying to bend Bitcoin into the shape of the old system

They like floating these trial balloons. The BIS is owned by the world's central banks. Now that Larry Fink (widely acknowledged douchebag) is replacing Klaus at the IMF, there's no doubt he has plans for all that paper bitcoin he controls through BlackRock.

That was the whole idea behind Travel Rule: to shackle the uncontrollable Bitcoin transactions by a rigid centralized database. BIS et al will ban themselves from Bitcoin. ETF and paper bitcoin holders will remain tax slaves. Freedom is anon.

KYC World is becoming more inevitable each day. The only silver lining is the counter movement these actions accelerate.

Governments and supranational institutions never sleep,they’re always coming up with new ways to ‘protect us.’ Now they’ve decided we need to be saved from… crime, by imposing KYC even on wallets that are supposedly personal and non-custodial. In other words, the solution to our ‘freedom’ is more surveillance, more filters, more lists of what counts as ‘clean’ or ‘dirty’ money. And of course, in the end they’ll explain that if we have nothing to hide, we have nothing to fear. Thankfully, governments are here to remind us that privacy is a dangerous luxury and that only under their watchful eye can we truly feel… free.