these are already happening around the world many exchanges currently disabling accounts and few are temporarily banned or sending emails about withdraw your funds or complete your KYC as I already have this issue and my few accounts under temporarily banned situation because they have very strict policy now.
Even Binance is also going very stick with this all in near future we will not able to have any safe heaven for our adventure in this crypto world because day by day regulations are coming for many companies, and they have no choice just accept and banned peoples those don't like this KYC.
In every situation people always find a way out. I don’t know for sure if there’s going to be a time when regulation is going to be too heavy to the extent that people won’t be able to maintain their privacy through making use of cryptocurrency. But, if that should happen in the future, I think there will still be people who would continue making use of peer to peer methods, and there are also decentralized exchanges these days, and there are so many of them that we can find this time around in the cryptocurrency community.
So, maybe when that kind of time comes, this platforms are going to be of help to us. But if not possible, then we'll have to follow whatever the government says we should do, Since we have no other option.
I guess we should have to follow the rules and regulations that they implemented or else, we do against them and the chance is they will seize our crypto, that seems the worst thing to happen. It was expected to have this scenario and in fact, this has been a plan by the government to take control of the use of crypto and make it legalized. However, it takes so many years before it becomes official and that it comes, we have to do nothing but to abide the rules. That seems no problem anyway if they are just fair to all of us.