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.
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I got surprised also when somebody asking me if I already been given my kyc ,I thought that was Very important In crypto exchanges. As a beginnere , I did it. Not knowing that they Will take information of yours.
By this ,they can just easily trace you of what is your activities in cryptocurrencies. In this matter, if it Will help the government to know everybody who was joining the crypto world, then Its been good for everybody, nothing to hide, when you are in the right side.