The cryptocurrency market is different from a few years ago. The cryptocurrency market is valued at more than $ 200 billion dollars and of course this must be regulated so that there is no abuse and it is not a place for criminal activity. With KYC, the potential of the cryptocurrency market as a criminal activity will be reduced and in my opinion this is a good thing so that people's negative perspectives on cryptocurrency disappear
But that is not the intent behind those policies, KYC has been part of this market for years and if you have seeing any decline in the criminal activity on the market I would like to hear it because I do not see it, KYC has benefited criminals since now they can steal your identity and not only your money like in the past, KYC is an attempt to control the market and to know what are you doing your money.
Do not fall in their trap, governments are experts at saying they want something only to be discovered later they wanted the opposite, KYC has made this market even more unsafe and there is no way around it.