As you know, KYC is something that you often have to do on exchanges
As you know, KYC is something that you often have to do on
centralized exchanges. Although, this may be unnecessary because these are the most common exchanges people use.
since KYC on exchanges won't bring any consequences, it's still good.
Kyc on exchanges can bring issue, especially during data breach, we are in the world that peoples information are used against them in phishing attack, it is possible that some phishing attacks are actually as a result of data breach on these exchanges. See what Ledger data breach caused, even when it is a hardware wallet manufacturing company. Giving out kyc on any platform has its own risk.
As you know, cryptocurrency works on blockchain, and anonymity is its prerogative.
It will be good if you use pseudonymity because the transactions can still be seen on blockchain but not linked to users.