Privacy is important when it comes to Cryptocurrency, so why do exchanges like Bitget require KYC (Know Your Customer) for all users, even those who only want to get airdrops? I thought KYC should be for those transacting many Bitcoins, Is it really necessary for everyone?
Just because you're transacting small Bitcoin doesn't mean you're not an individual that is engaging in illegal activities like money laundering or other crimes. Judging from the exchange point of view, KYC is needed by everyone because they want to monitor everyone transaction and know what their users are using their Bitcoin for. KYC is just way of the government monitoring everyone and doesn't do any good thing for the users bit does good for the centralized exchanges.
They only make it sound like KYC are good so we don't fight them and just accept whatever they're telling us. KYC is a must for those cex exchanges under the government control but not all agree to accept their controlling behavior and that's why we have CEX with no KYC.