Perhaps something is happening that ordinary users of cryptocurrency do not know if a total verification of personalities has begun. If earlier they declared the complete anonymity of cryptocurrency users, then mass demands are already beginning to provide passport data. The only good news is that on some exchanges there are minimums for withdrawing funds for which you do not need to provide KYC.
And honesty, those minimum for withdrawal and deposit that does not require KYC is what 50 percent of crypto trader falls on, and I wonder why keep joining people who fell in that category to start going against KYC when we know that it is normal for anyone to ask for KYC when trading an amount that is quite too large, if we have lots of people using the system to embezzle fund now, we will still be the one to blame the exchanges for not implementing KYC, and this is part of what KYC is meant to curb.
I just learnt of recent from one of the mate here, that the total money that has been lost to scammers is over 2 billion dollars and still counting, and if this amount continues to grow and become alarming, it might attract the anger of government that we want to regulate it to go against it, this is one of the thing that KC should regulate.