Having KYC is not bad since you have to provide some information about you, but some are eve requiring proof of bill that is in your name, how does even student can give such document for electric bill and they are still living with their parent.
Then some are even asking for passport and don't considered a national or government issued ID are you applying for immigration? Some project seems to be stupid if they even asking for police clearance with ID picture, looks like we are applying for loan.