KYC and AML are required in order for regulation to take place. More regulation the better it is for ordinary people who would not get into the crypto space without regulation.
On the other side if you don't have to - don't give you information to anybody, only if it is that necessary to do so. There is much of the identity theft happening and if you give your info somewhere and if it gets leaked you run the risk of your identity being misused. Better avoid the problem than having the risk that something might happen in the future. Not many people think a lot about this and are giving their information everywhere they can. You should always think twice before giving out your information.
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.
Thank you for sharing your thoughts and dropping by @cyber-smiley
Agree. In current situation we need regulations if we want to build back TRUST between regular people and investors.
Such a very good point. Just like you said: we share our data left and right. A bit to careless.
Cheers, Piotr