I don't understand why people don't like KYC policy when it is for their safety, as it ensures the user's credibility. This trend must be changed.
Customers may not want to provide full details of their personal information, or they may feel uncomfortable sharing this information with a business they don't trust or don't know well. This is especially true when it comes to financial transactions, where the consequences of identity theft are much more severe. Additionally, some people may be concerned about their privacy or the security of their personal information or they may also be concerned that the information will be used in ways they don't approve. This is especially true in cases where business doesn't have a good reason for requesting personal information. In these situations, customers may feel that their rights are being violated. And I don't think this trend will change as long as there are bad players in the industry who will take advantage of people's personal information.
Many people do not want to give their KYC details because they are tired of being controlled. When I started in the crypto world, I did it with a privacy coin project that seemed to have a lot of future, but they spoiled it with many bad ideas and They treated investors badly, it's a project that died for me, which is still out there surviving as in vegetative life, but when a project dies, there is no remedy, and there I learned that players love their privacy, they love anonymity, and If there is a lot of competition in the casinos, why don't they please that public and give them what they want?
When we do speak about KYC then lots of people or all of people doesnt really like it because of these common reasons;
-They do like on being private or not known
-They dont like that they been monitored
-They dont like for those leaked information
-They dont like for their information to be sold in black market
KYC on this crypto space is highly frowned upon on which it is really just that much prefer on seeing or dealing up with things which is fully decentralized and KYC-less
but we know that most of todays services are really that bound or subject to regulation or something in correlated.Those platforms who had been using the word web 3 are just deceiving into those
people who do mind off about total decentralization which is something that very bad behavior if you do ask me, if people find out that they are lying then they do know on whats next.