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?
In my opinion, kyc documents submitted to exchange are not safe. There have been countless issues of public documents sold out to third parties, who use this information for illicit activities. I learnt that personal information of people are traded on the dark Web and this informations were in most cases given out in good faith for kyc verification.