Indeed, going through KYC process on Binance is annoying as it entails potential privacy risk. However, this legal requirement is imposed by the countries in which exchanges operate. despite this inconvenience ,Binance has played a vital role for the promotion, growth and adoption of crypto currencies all over the world.. If Binance were to face shutdown down, I believe it will badly hurt crypto currency market from short to medium term. However Bitcoin has inherent strength and resilience to survive from such crisis and it will restart its normal behavior after sometime and become stable.