As we all know that one thing that might hinder the acceptance of the bitcoin system for the government is the hidden identity of the members. Local exchange should do intensified KYC so as to avoid the system of cryptocurrency being abused by other members as well like money laundering, funding of terrorist groups and others as well. Some of the country had done this things already and the question is would favor to do KYC on your local exchange?
When people say that to me, it's funny. How many people do you know personally who launder money with cryptocurrency? I am sure that you do not know such people. Then why are you writing about it? These fakes are spread by opponents of cryptocurrencies. I think that KYC is a trouble for cryptocurrencies and KYC contradicts the idea of creating cryptocurrencies.