They are losing their personal information - that gift they received at birth which remains personal only until the individual chooses to not be personal anymore.

Not long ago, one bank imposed a restriction on transactions from my account. According to the bank's internal instructions, the procedure to lift the restriction could only begin with the completion of a form in which, among other things, I had to confirm that I had not disclosed my personal information, including identity document data, to third parties. I was outraged: it's hard to imagine an adult who hasn't shared their personal data, including passport information, for various purposes such as employment contracts, civil contracts, interactions with healthcare institutions, dealings with authorities, and more. Even this very bank requested my passport before providing me with services. Does the bank really think it's unique? And personal information (other than passport details) isn't just shared by me but almost every person on platforms like Facebook, LinkedIn, and similar ones. It's completely normal that if we re not shy about our names, ages, appearances, and lifestyles, we share this information (our personal data) with those interested.

However, the bank employee said that without a properly filled out form, the bank wouldn't consider lifting the restriction on transactions from my account, so I had to sign such a form. Of course, after the process started, I submitted an additional statement to the bank, explaining that when I signed the statement in the form, I meant that I hadn't taken those actions to provide third parties access to my account, while I did share my data with third parties for other (legal) purposes.

It seems like I found a way out. But what really irks me is the fact that I'm almost being forced to keep a secret that isn't a secret! All sorts of smart experts and commentators keep telling me that I must never disclose my passport details to anyone because otherwise, someone could take out a loan in my name, open a legal entity, set up an account with a financial organization, and use it for illicit activities.

I disagree. At the very least, because "my passport" doesn't mean "me."

I publicly declare: if something (a loan, a legal entity, an electronic wallet, etc.) is registered under my passport, until I personally inform you that I did it myself, you have no reason to assume that I have any connection to it (the loan, legal entity, wallet, etc.). My passport details (and yours, for that matter) are known to many.

And what do the exchanges do? They win when BTC soars, as they earn fees from the users. They earn when BTC value goes down, as they are receiving fees now as well. When the users withdraw their money from the exchange, they lose more money. And I'm not talking about the network fees, but the exchange's fees. In other words, people constantly contribute to the benefit of exchanges and also to their very own poverty.
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similar to centralized exchanges, bank clients will lose money in all possible ways: they'll pay fees for opening accounts, for depositing money, for withdrawing money, for transferring money, for checking the account balance, for the administration of the accounts, for having issued a credit / debit card and so on.