And what happens if assuming I refuse to give those info? Will be prevented from trading and my account get blocked or something! If there are no other stiff penalties aside from those, I think I will gladly refuse and find alternative, yeah, I guess this will make p2p more popular among crypto enthusiasts. What a calamity. 
I don't think such regulations are fully enforced worldwide. I see if this is only in some countries. maybe the worst news if the regulation is true, many accounts will be temporarily banned before they complete KYC for transactions