Totally agree with your second paragraph @cyber-smiley. Give only the information that is required is definitely the way to go. And, you should go to great links to protect your information. The blockchain has several ways of protecting personally identifiable information. As that becomes more widespread, it should help and even drive more people to adopt cryptocurrencies.

I would like to unpack your first paragraph. While I agree with you that most people benefit from KTC and AML because it limits crime, I do not believe that is a motivation for many to jump into cryptocurrencies. In fact, in many cases I believe that individuals have jumped into cryptocurrencies for privacy, which is not accurate in most cases.

There will always be those that want to give no data, but in the long run, I think that KYC and AML regulations will be enforced. Albeit sometimes for good and sometimes to the detriment of ordinary people.

Thank you for adding to the post. Much appreciated.