Yes, it is essential when you want to avoid doing business with customers who have invalid names.
That said, recently I learned about monetary policy in North Korea and sanctions on the import of luxury goods.
Why Nations Fail (2012) by Daron Acemoglu and James Robinson
https://en.wikipedia.org/wiki/United_Nations_Security_Counci...
Musk: Tell Elon to get over his narcissism enough to not use his children as his own vanity projects. This isn't just an Elon problem, many people treat children as vanity projects to fuel their own narcissism. That's not what children are for. Give him a proper name. (and then proceed to enter "X Æ A-12" into your database, it's just text...)