The situation of cryptocurrency which in my opinion has changed, it is true that nowadays more and more people know about cryptocurrency but at this time too many new coins have emerged, this is what made the situation of cryptocurrency began to change.
And in this sense people are using cryptos as a new way of fraudulent act so it's not far to happen that some people perceive this negatively. Seemingly, cryptos are a little bit far from what it been before but it develop in a bad way as more and more shitcoins are born and only few are really worthy. Just a sad truth.
Because they are abusing cryptocurrencies of getting more profit, they know that it is a very trend for all people to have a huge profit and those having a fraudulent activity they easily catch the noobs and weak crypto holders. If these activities will continue the image of crypto will down and many investors afraid of those projects scam. So, expectedly happen KYC is implemented for all project had and begun to regulate crypto.