KYC is a bane to the existence of us all. It just makes everyone vulnerable and a target. It is basically like a currency since thieves can sell it for good profit. KYC creates a black market where the currency is KYC.
It is hard to escape if you do have your info stolen since crimes may be committed in your name and possible business deals or loans. GIving your safety up to trade or do a bounty is nnot worth it.

Besides KYC is not ment for bounty or to prove only one person owns one account. It is for business regulation and some places pretend that is their reason to collect info when they actually do not have to collect the info they just fo it just incase they need it later.