Quote from: bitsticker on June 02, 2018, 05:06:48 PM

well, KYC is about identity, money laundering, illigal curculations. what banks report to monitoring authority is another thing.

I think because of this in the game, I'm sure most exchanges in these countries usually have no choice rather than collecting individual data, regardless of how they end up using it.
In addition to good relationships, we already know that it is not the main essence of KYC, the true meaning of it is just to provoke any irregularities that can look more like illegal that we all know is normal anyway for anything to do with monetary policy in most countries