One  of the main reasons why Cryptocurrencies is famous and preferred is the fact that it provides anonymity. the documents such as passport and ID, required during verification already goes against one of the integral features of the trading platform,However sending fake ID for KYC seems to be a loophole hackers are exploiting. it also leave s a big concern of=n the security of the users accounts,

I share the same worry, KYC might be the blueprint for the fall of crypto currency.