I can see that soon almost exchanges and even ICO programs will be requiring us to do the KYC procedures where we are required to pass copies of our legal documents before we are granted entrance or the use of the services or programs we are interested with. This can be as common as having a password or 2FA.
Now, personally I have no big problem with it though just like anybody else am also concerned that my personal information can be divulged to anybody or a group that might use it for any illegal purpose. This is one risk we are facing once we are actively living in the online world. Evil people who can be thousands of miles away can now be just one click away.
What are your apprehensions about the KYC procedures that will soon be as popular as noodles?
I have no problem with KYC in an exchange that I trust. giving personal data to large exchanges such as Binance and Kucoin, in my opinion, is not at risk. But I would never do KYC on an ICO project. Because we know that a project in ICO is very insecure even though I have never heard of a case of misuse in the ownership of other people's data in ICO, I still doubt it.