Dear bitcointalkers, does privacy matters for you? When I started to trade btc I was sure it will always remain anonymous, but nowadays more and more exchangers ask for some identification documents for some reason.
Because KYC is also for our own safeties thats why Exchanges are asking us though some does not as long as we don't hit the limit of at least 5 bitcoin?i'm not sure bout exact amount.
It's important if for exchange to ask for identity information, because to prevent money laundering and fraudulent financial activity.
They are being obliged by the government so they need to comply or else they will be shut down.