Day in day out there are new projects requiring kyc from investors
Exchanges requiring kyc, for some in order to maximize your ability to withraw large sums of cryptocurrencies and some even before you can trade on the exchange
The bigger question is how safe are our kyc documents?
Its a must to submit your ID documents if you want to withdraw large sum of amounts from exchanges and even some ICO projects do requires KYC but i'm not sure how safe our IDs are and bad news are been spread on the internet about people's identity been sold through darkweb,if you are not feeling comfortable about your ID just stay away from KYC projects
actually in decentralized market kyc didn't need at all.if exchanges or projects required to verify their investors they could use another methode.but required personal data from them was very risky.as we know in dark web there is no limitation in any section.it could happen if our personall data in wrong hand, they could sell it.