Exchanges are experiencing some kind of regulations and it is a necessary step to get out of the wild wild west. But nobody really controls them yet and that's why I'm scared. They have my info and they can do anything with it.
Well, that's the risk because of so many regulations these days and I believe we need this thing before government banned it so better to follow some regulations. We give our own information into banks which sold our info's for some advertisement company so I think KYC is still good for us.