I'm always concerned about the KYC process I have to go through on the local exchange. It's a requirement to comply with government regulations since they still don't fully accept cryptocurrency as a currency in my country. Cryptocurrency use here is considered a digital asset. To make any withdrawals, KYC is mandatory, and it's not very convenient for me.

What I mean is, exchanges can set withdrawal limits for users who haven't completed any KYC at all. After all, here, FIAT in the form of the local currency will be sent to a bank account with our data on record.

I wish the government could understand and respect our privacy more. The taxes they impose should be eliminated because our information is already in their hands. Although I'm happy that Bitcoin isn't illegal in my country, I still long for more freedom.