I agree. The purpose of crypto and it's decentralized nature is to stay away from data breach. Scam projects that required KYC could have an easy access to your accounts and credit cards if they have all your information. That is one thing that I hate about KYC. No privacy and very intrusive.
We can actually say that the KYC platform is very intrusive if you're trying ones is in the process of convert crypto to fiat because the reason why the KYC scheme was implemented was because of the high rate of crypto scam and tax abuser but if we are talking about bounty hunters KYC is very intrusive in such state.
Right, the reason the platform is implementing KYC is because it is possible to avoid negative activities like possible about money laundering etc. We are always worried about KYC on an ICO scam project or whatever, but when we realize KYC has been applied for a long time on an exchange platform. So I don't think it's really a problem if we put KYC on the right platform and its security is guaranteed, instead we only worry about KYC on the scam project which basically is not safe for us to continue by sending personal identities.
Yeah exactly mate. People here are afraid of KYC process in most project but when their tokens has sent to them and they wanted to dump it, there's a barrier called exchange that also asked for KYC and openly commit in submitting kyc just to sell tokens. See the difference? What if the exchange itself is scam so much threat foe everyone right?