When I was starting to get involved in crypto-currency, one of its features that attracts me is the privacy it gives you. Now with all those KYC being required in exchanges and in ICOs and other platforms, some people are beginning to be hesitant in their activities in crypto.
in my opinion, this really necessary because as we know bitcoin is very anonymouse on the network and almost impossible to know the identity of person on blockhain. so the exchanger need to know the customer from the beginning when he sign up on the exchanger to prevent money laundering and terrorist fund.