This is why people here stress you should buy bitcoin without KYC. Privacy is essential!
KYC is bad and should be avoided at all costs.
At very least, XMR swap, or mix your coins!
KYC is not bad because its the way to determine the people background. Its purpose is to detect any fraud that involves money laundering etc. Its just bad on crypto space since most of the project here doesnt have the capacity to safely store the data of their consumers thats why undergoing KYC on crypto projects is dangerous but KYC purposes itself is good if you are a law abiding citizen since your privacy is safe if the company handling it is license and trusted due to the confidentiality clause for the KYC procedure.
Yes, this is correct. The only problem that I can see is how they make sure that the information that we have provided is secure and will not be compromised or sell our information to unknown people since it can be used to make crimes or suspicious activities. I guess that some people may not feel comfortable sharing their information and avoiding exchange or other platforms that are required to provide personal information.