KYC is not as problem as long as a legal entity is going to process it. Of course no one wants to entrust their personal information to anyone. It should be confidential and as much as possible people don't want to disclose any personal information to anyone. The reason why a lot of people got interested on cryptocurrency is because of they can actually invest and earn while remaining anonymous and without letting anyone know how much they have invested or earned for security reasons.
KYC do really remove the true essence of cryptocurrency which is decentralized and total anonymous and now they are imposing such requirement then its really against on it no matter which view do try to look at.
Don't expect for any legal entity to process out those accumulated informations because into this online world,anyone can pretend that they do make those information safe into their hands without having actually the awareness on where those informations being kept.
Also with KYC they claim to "fight" against money laundering or terrorism.
Hence we all see the results...
Their true goal with all those policies, is to control the masses and fight net neutrality.