I believe it is a step in the right direction. This will reduce cyber fraud and other fraudulent activities being done with cryptocurrency. I think it will be instituted in other countries which deal in cryptocurrency. KYC will be tge other of the day now. I believe we should support this move.
this "move" is only good as long as it is implemented and then enforced correction so that it doesn't turn into a restriction on regular users rather than regulations to prevent criminal activities. not to mention that those who plan on launder money or do anything illegal in that category are going to find their way to do it through different channels specially with anon coins so in the end it will end up restricting and bothering the majority which are the regular users.