This is one thing that makes me feel bad towards this centralized exchanges, because they are been controlled by the government.
not really controlled by the government but by individuals that are known and are also subject to some rules and the issuance of a certified operation permit. Not that they directly work under government control, but since it has some guidelines to obey according to the operation permit offer by the government, they can decide to give any unnecessary orders against the centralized platform due to some suspected cases, and the centralized platform can freely give out your KYC information to the government to carry out their investigation. Aside from this, there are other risks attached to KYC platforms; if their platforms get hacked, all their private information gets exposed, which can even be used to commit some great crimes.