There's a regulation that is already functioning for the exchange sites, like in my local exchange,we were required to comply with he KYC Policy and fill up all the information that is necessary. With that rules, we have no choice but to follow and i guess it's just fine because exchange sites are legitimate and they are operating with the license granted by the government.
What I am afraid of to happen, is the time will come that our transaction will be tax..
Same here in my country before we can use the exchange there
is a need to submit documents. Just to use their exchange many
are required to submit documents, as a user need to follow the rules.
As to me thats ok as long the company is legit and secure. The thing
is Im not happy if in the future they will ask a big fees to the users.