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?
You said the problem and fear already so I won't continue with that but I will say on the fact that it is not even needed because the kind of online business those not need it. Online business should be strictly as that where the parties involved are not known because they are far away with each other so why try to bring them together by asking for KYC. This is not totally right, online users should protect themselves .