Kyc is actually not bad for crypto as it helps in curbing fraudulent activities on the space. However it is always necessary for those asking for kyc documents to protect these docs in the best interest of their users to avoid these documents leaking to a third party.
The point of using crypto currencies of me is my privacy.
I don't want the government or any other person know how much money I have and how I spend them all.
Unfortunately, some websites (Including exchanges) are usually asking for all your personal information and that's the reason why I stop suing the services asking me for the KYC. the don't even understated the point of crypto currencies... I has to be peer-to-peer. without of involving any third party.