Many exchanges also promised that they will never introduce a KYC. As a result, under a pressure from regulators, they introduced a KYC
Many exchanges started as a fun endeavor and they might have had their claims when they started the business but when hard money started coming in and after understanding the real business aspect and how regulators will stick to you, they changed their narrative because they wanted to survive as a business.
By the way, there is a section at the forum where users exchanging cryptocurrency with each other. And this is already subject to regulation
No!!