Of course the regulations are made for improvement and we can happily accept it, but what is the main purpose of KYC? Until now, I don't understand and it is clear that this is not banking, where transactions must be known. I just agree if it is to provide guarantees and benefits for those who participate. The problem is that just asking, we don't know who and where he is, if we can guarantee that the requested data can not be shared with irresponsible people.
for me, is it better to avoid programs that have KYC because you can't guarantee that they will also run well if they stop halfway? the most annoying thing is if there is no initial information but in the end there is a clear KYC with the aim of making a profit.