this is why I don't like KYC, I just want to trade on a trusted exchange and don't require everyone to do KYC, and I follow any business I just choose a business that doesn't have KYC, I know the price for each person's data sold on darknet and the average price of data is $ 200, let's think if someone managed to steal thousands of data and sell it on the darknet,
But the thing is, without any of these prerequisites being submitted by us, the users, we won't be able to trade on their platforms. If they allow unverified accounts, it only has a certain amount of trading volume/amount specified for a given day, and those restrictions are certainly awful to say the least. Also, this is a requirement imposed by the government before allowing any trading platform to flourish, so I guess it will really be needed up until a fully-functioning DEX pops out with ample support from the government.
Maybe it's the exchanges' part of improving their systems and not really the KYC that's the problem after all. I'm also anti-KYC but we really can't move forward without it on our platforms, and it's a pain, really.