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?
The issue of KYC is one of the challenging factor affecting crypto accessibility globally due to majority of individuals are scared to disclosing their identities to exchanges or ICO's.
People wants to get involve in crypto but they are not willingly to give out their identity freely.
No demand of KYC for trading is one of the reason uniswap exchange is on the rise now