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.
That's true...one of USP's of Cryptocurrency is that it is anonymous but transparent. Now with KYC form anonymity feature is shattered.
From the start, it was destroyed by the scammers which are creating fake projects thats why KYC and other regulations where implemented by some projects and governments. Banks already dont accept money from crypto because they dont want to involve in such scams.