In the past it was much easier for scammers to create scam exchanges, in the past it was easier for exchanges to have fake volume. In the past it was easier for scammers to create ICOs, in the past it was easier for people to create tokens with fake teams, in the past it was easier for people to create meaningless altcoins like Jesus Coin and scam other people with religious coins. But thanks to governments starting to pay more attention to this market, scammers have a greater chance of being punished today. Even though I don't like kyc, I still think it's a good measure, I think it's also a good measure that governments are taking when they require exchanges to comply with laws. This is a market that moves a lot of money, so it would be difficult for governments to ignore