This whole idea of KYC (know your customer) is completely BS.
One of the most important features and advantages of cryptocurrencies was ANONIMITY.
Meanwhile exchanges expect you to provide your personal data, and if not they still track you by IP and assign your wallets to it.
If its going to be controlled, centralized and not anonymous, then there are practicaly no advantages in using it over regular currency.
In fact it would only be hassle.
Just take a guess, who is pushing for control so much.
Hint: They control central banking.
RE: Crypto regulation